UPDATE - Morgan Stanley Downgraded Procter & Gamble (PG) to Equalweight; Unrealistic Expectations

January 20, 2012 12:14 PM EST
Get Alerts PG Hot Sheet
Price: $144.68 +1.20%

Rating Summary:
    19 Buy, 23 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
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UPDATE - Morgan Stanley downgraded Procter & Gamble (NYSE: PG) from Overweight to Equalweight.

Morgan analyst no longer sees a compelling valuation in the company/stock and thinks estimates will come in, citing an unrealistic 19-28% growth expectation despite currency adjustments and higher tax rate...P&G's top-line coud also be at risk.

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