Goldman Sachs Upgrades Procter & Gamble (PG) to Buy, Sees 25% Upside

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Goldman Sachs upgraded Procter & Gamble (NYSE: PG) to Buy and sees 25% upside to their $75 price target, saying the stage is set for a return to double-digit EPS growth in 2011.

"P&G has been in investment mode for 2 years, raising its ad budget, lowering price points and building EM presence. EPS and shares have been flat as a result, but we see inflection point in 2011 as P&G gets a return on its investments," the continued.

For more ratings news on Procter & Gamble click here and for the rating history of Procter & Gamble click here.

Shares of Procter & Gamble closed at $62.87 yesterday, with a 52 week range of $39.37-$65.00.

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