Procter & Gamble price target lowered to $146 from $155 at Barclays

Barclays lowered the firm’s price target on Procter & Gamble to $146 from $155 and keeps an Equal Weight rating on the shares. The firm adjusted targets in the consumer staples group as part of a Q1 preview. Barclays has “growing caution” on the group into the prints due to higher input costs. In food, there are now “building concerns” around the sustainability of the dividend for certain companies, the analyst tells investors in a research note.