Deutsche Bank Cuts Estimates on Procter & Gamble (PG) After Attending Global Consumer Conference Presentation
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Price: $78.82 +0.03%
Rating Summary:
10 Buy, 12 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
10 Buy, 12 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade PG Now!
Deutsche Bank maintains a 'Buy' on Procter & Gamble (NYSE: PG) price target of $67.00 (from $70.00).
Analyst, Bill Schmitz, Jr., said, "Following management's presentation at our Global Consumer Conference in Paris last week, we are lowering FY 2012 core EPS estimate by about $0.04 to $3.80...We also lowered our 4Q organic growth estimate to 2.4% (from 4%) noting management guided to 2-3%...For fiscal 2013, we have lowered our core EPS estimate to $3.91 (from $4.10) implying a 3% YoY growth in line with midpoint of management guidance of flat to up mid single digits."
For an analyst ratings summary and ratings history on Procter & Gamble click here. For more ratings news on Procter & Gamble click here.
Shares of Procter & Gamble closed at $59.27 yesterday, with a 52 week range of $57.56-$67.95.
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Analyst, Bill Schmitz, Jr., said, "Following management's presentation at our Global Consumer Conference in Paris last week, we are lowering FY 2012 core EPS estimate by about $0.04 to $3.80...We also lowered our 4Q organic growth estimate to 2.4% (from 4%) noting management guided to 2-3%...For fiscal 2013, we have lowered our core EPS estimate to $3.91 (from $4.10) implying a 3% YoY growth in line with midpoint of management guidance of flat to up mid single digits."
For an analyst ratings summary and ratings history on Procter & Gamble click here. For more ratings news on Procter & Gamble click here.
Shares of Procter & Gamble closed at $59.27 yesterday, with a 52 week range of $57.56-$67.95.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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