Information Provided By:
Fly News Breaks for April 5, 2016
PG
Apr 5, 2016 | 07:16 EDT
Bernstein says that a number of factors, including portfolio changes, share gains and cost cutting, could cause Procter & Gamble's fundamentals to improve. If the company's fundamentals fail to improve, pressure on the company could lead it to undertake a break-up which would increase the stock's risk/reward ratio, according to the firm. It raised its price target on the name to $90 from $87 and keeps an Outperform rating on the shares.