Argus Upgrades Procter & Gamble (PG) to Buy
- Top 10 News for 10/17 - 10/21: Merger Rumors Abound; CEOs Depart; Tesla Kicks Autopilot Up A Notch
- Wall Street ends flat; Microsoft rallies, healthcare falls
- AT&T (T) in Advanced Talks to Acquire Time Warner (TWX) - DJ
- Rockwell Automation (ROK) Said to Attract Takeover Interest from Schneider Electric - Source
- British American Tobacco Offers to Acquire Remaining Shares of Reynolds American (RAI) for $56.50/Share
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.
Argus upgraded Procter & Gamble (NYSE: PG) from Hold to Buy with a price target of $103.00.
The firm notes the company has pruned less profitable brands and is taking steps to boost organic growth, profitability and productivity.
They expect the company’s consistent dividend hikes and share repurchases to remain attractive to many investors and to provide support for the shares.
The firm is raising FY17 EPS estimate from $3.90 to $4.00 and FY18 estimate from $4.20 to $4.
Shares of Procter & Gamble closed at $88.54 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Imperial Capital Raises Price Target on Proofpoint (PFPT) Following Strong 3Q Results
- Stifel Upgrades PayPal (PYPL) to Buy Following 'Solid' Q3 Results
- PayPal (PYPL) PT Lifted to $48 at Mizuho Following Solid Q3
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS Change, Upgrades
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!