Citi Research placed Procter & Gamble (PG) on a 90-day "positive catalyst watch." The company's fiscal first-quarter results are scheduled for October 22.
The firm anticipates stronger organic sales growth. Healthy consumption trends in the U.S. contribute to this outlook. Increased demand for P&G diapers in China follows a competitor's safety issues.
Citi analyst Filippo Falorni expects organic sales to accelerate to approximately 3%. Falorni believes P&G can manage cost headwinds from oil and freight through productivity savings.
Falorni maintained a Buy rating on the stock. He increased the price target from $170 to $180.
The bank also cited P&G's upcoming investor day on November 19. This event serves as another potential positive driver for the stock.