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Fly News Breaks for October 26, 2016
PG
Oct 26, 2016 | 06:38 EDT
As previously reported, CLSA upgraded Procter & Gamble to Outperform from Underperform and raised its price target to $95 from $90. Analyst Caroline Levy believes P&G is positioned long-term growth as benefits of six years of efficiency projects continue to yield savings and scale. She now sees P&G's organic sales and earnings growth at 3-4% and 8-9% respectively through 2018 and believes shares will continue to rerate as the top line improves.