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The Procter & Gamble Company (NYSE:PG) is one of the top consumer defensive stocks to buy now. On April 8, Piper Sandler reiterated its Neutral rating on The Procter & Gamble Company (NYSE:PG) but cut the price target to $142 from $150.

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The research firm maintains a cautious outlook on the stock given its significant exposure to higher resin and oil derivative costs compared to household and personal care peers. Procter & Gamble’s costs remain hedged for 6 to 9 months. Piper Sandler has already trimmed its fiscal third-quarter 2026 earnings per share to $1.55 from $1.58.

Nevertheless, the research firm remains optimistic about the company’s portfolio and brands as it also ramps up innovation. The company’s US category momentum has improved to 2.5% compared to 1%-2% as of the end of last year. However, there are concerns that momentum outside the US could be at risk owing to weakening consumer sentiment. There could also be an outsized risk through 2027 on higher oil costs.

The Procter & Gamble Company (NYSE:PG) is a leading global consumer goods company that develops, manufactures, and markets a wide portfolio of branded household, personal care, and hygiene products. It focuses on improving daily life through trusted brands like Tide, Gillette, Pampers, and Head & Shoulders.

While we acknowledge the potential of PG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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