Caution abounds on Procter & Gamble

|About: The Procter & Gamble Company (PG)|By:, SA News Editor

Reaction is still pouring in on Procter & Gamble (PG -0.6%) following the consumer product giant's earnings report yesterday.

Deutsche Bank clips its price target on Procter & Gamble to $100 on some concerns over higher input costs and the weak performance by the global baby care business.

Bloomberg Intelligence Research doesn't think P&G is "winning battles" against discounters in some key categories.

Stifel Nicolaus (Hold, $87 PT) calls the FQ2 earnings beat "low quality" due to outsized the benefit derived from a lower corporate tax rate.

Jefferies saw enough from the report to maintain a Buy rating and $104 PT. The analyst team expects a "muted" share price reaction.

Bernstein: "The negative pricing in the quarter, coupled with talk of retailers cutting inventory, has made investors nervous about P&G, and the whole sector, too."

Sources: Financial Times, Bloomberg

Previously: Procter & Gamble beats by $0.05, revenue in-line (Jan. 23)

Previously: Procter & Gamble lifts full-year profit view (Jan. 23)

Subscribe for full text news in your inbox