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Fly News Breaks for August 12, 2019
PG
Aug 12, 2019 | 08:09 EDT
Morgan Stanley analyst Dara Mohsenian reiterated his Overweight rating and $129 price target on Procter & Gamble (PG) following the company's Q4 report, which he said gave him greater confidence in his thesis that the company's market share gains and strong category pricing can continue to drive above-consensus topline growth. Coupled with P&G's outsized gross margin expansion, he expects higher EPS growth than peers, said Mohsenian, who also views the stock's valuation as "attractive."
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