Android app on Google Play

UPDATE - UBS Downgraded Procter & Gamble (PG); The Head is Moving Faster Than The Tail

January 30, 2012 11:46 AM EST Send to a Friend
Get Alerts PG Hot Sheet
Price: $80.36 --0%

Rating Summary:
    13 Buy, 13 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 16 | Down: 9 | New: 6
Trade PG Now!
Join SI Premium – FREE
UPDATE - UBS downgraded Procter & Gamble (NYSE: PG) from Buy to Neutral. PT cut from $72 to $66.

UBS analyst says, "Three reasons for our downgrade: 1) we are concerned that P&G’s culture is limiting the organization’s ability to meaningfully change the way they do business — having a direct impact on the magnitude and pace at which the company can cut costs, 2) we see incremental risk to the company’s downwardly revised 2012 EBIT guidance, and 3) the opportunity cost to own PG is high given other alternatives across consumer (we would look at Altria (NYSE: MO / Estee Lauder (NYSE: EL) / McDonald's (NYSE: MCD) / Kraft (NYSE: KFT))."

UBS lowers FY12 EPS estimate from $4.18 to $4.01.




You May Also Be Interested In


Related Categories

Analyst Comments

Related Entities

UBS

Add Your Comment