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Yahoo Finance Plus bullish on Procter and Gamble

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Yahoo Finance’s Kristin Myers, Jared Blikre and Brian Cheung discuss why Yahoo Finance Plus is bullish on Procter and Gamble.

Video Transcript

BRIAN CHEUNG: And Jared, lastly, Procter & Gamble seems to be on the radar for Yahoo Finance Plus, which is our premium subscription service. It seems like there's some bullish commentary over there. What's behind that call?

JARED BLIKRE: You bet. This is Argus Research. So they're making a fundamental call. Let's check out the YFi Interactive. And we'll get some of their notes here. Now, Argus is saying about Procter & Gamble, they're reiterating their price target of $160. Now let's take a look at some of their reasoning here. Just scrolling down, they're talking about Procter & Gamble will report fiscal third quarter '21 earnings on April 20. They go through some details there.

I want to skip ahead to the meat. We expect P&G to continue to benefit from increased attention to health and hygiene over the next year. However, we look for earnings and share price gains to be driven by product innovation, productivity improvements, and better advertising. Also one final note-- this slipped off my radar, but they have been paying a dividend for 130 straight years. Guys.

KRISTIN MYERS: All right, thanks so much to Yahoo Finance's Jared Blikre. We'll see you, of course, a little bit later in the show to talk about the energy market.