Deutsche Bank Maintains Buy On Procter & Gamble (PG)

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Deutsche Bank today maintained a Buy rating on Procter & Gamble (NYSE: PG) with a price target of $80.00. Analysts were positive on P&G's restructuring plans and efforts to increase productivity.

"Armed with significant restructuring and productivity savings and tepid sales and EPS growth expectations, company has long runway to reinvest in innovation and price tiers to reclaim lost market share and again grow its categories. While PG and the group have had a big run, we see a combination of organic sales acceleration to expand the multiple and sales leverage, restructuring and productivity savings to boost EPS growth," said analyst Bill Schmitz.

For an analyst ratings summary and ratings history on Procter & Gamble (NYSE: PG) click here. For more ratings news on Procter & Gamble click here.

Shares of Procter & Gamble closed at $77.08 yesterday, with a 52 week range of $59.07-$77.77.

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