BMO Capital downgraded Procter & Gamble to Market Perform and lowered its price target to $84 from $100. The firm expects Procter & Gamble to miss its FY15 outlook due to international exposure and the strong dollar. BMO Capital lowered FY15 core earnings estimate to $3.98 from $4.08 and FY16 to $3.90 from $4.43.
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Check out this morning's top movers from around Wall Street, compiled by The Fly. HIGHER - Paramount (PARA)... To see the rest of the story go to thefly.com. See Story Here
Reports Q3 revenue $20.2B, consensus $20.41B. "We delivered solid sales and strong earnings growth in the third quarter despite multiple headwinds, enabling us to raise our EPS growth guidance and maintain our top-line outlook for the fiscal year," said Jon Moeller, Chairman of the Board, President and CEO. "We remain committed to our integrated strategy of a focused product portfolio of daily use categories where performance drives brand choice, superiority - across product performance, packaging, brand communication, retail execution and consumer and customer value - productivity, constructive disruption and an agile and accountable organization. We are increasing investments in superiority to drive market growth and sustain strong momentum. We have confidence this remains the right strategy to deliver balanced growth and value creation."