TD Cowen Lowers Rating on P&G, Citing Protracted Organic Sales Recovery and Limited Pricing Power
TD Cowen has downgraded Procter & Gamble to Hold, arguing that the company’s organic sales recovery is likely to remain slow for the next one to two years despite easier year-over-year comparisons. The firm projects roughly 2% organic growth in fiscal 2026 and 2027, constrained by weak pricing, promotional intensity and a challenging path to regain…