Goldman Sachs Upgrades Procter & Gamble (PG) to Buy

Goldman Sachs analyst Jason English upgraded Procter & Gamble (NYSE: PG) from Neutral to Buy with a price target of $125.00 (from $114.00).

• Expects 2020 to be the year for an inflection in the margin profile and profit growth.
• Expects company to no longer be the most underweight name in US listed mega-cap global CPG company among hedge funds.
• Says organic sales momentum is sustainable.

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 $109.78 yesterday.

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