P&G appoints Peltz to board despite losing proxy battle

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Procter & Gamble (PG) Proxy Fight Was Likely a Waste of Shareholder Funds - Wells Fargo

December 18, 2017 7:51 AM EST

Wells Fargo maintains Market Perform on Procter & Gamble (NYSE: PG) price target of $88.00.

Analyst Bonnie Herzog believes the PG battle with Nelson Peltz over a Board position was likely a waste of shareholder funds and also presented management with a distraction. The analyst... More