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Procter's stock is downgraded.
April 2, 2015
By: TOM BRANNA
Editor
Volatility, both in markets and in currency, has led BMO Capital Markets to downgrade Procter & Gamble from outperform to perform. In a report published Thursday, BMO's Connie Maneaty downgraded shares of P&G with a price target lowered to $84 from a previous $100, primarily due to revisions tied to foreign exchange. According to Maneaty, the company will miss its fiscal 2015 outlook, given the fact that 65% of its total sales are international. The analyst noted that the compa...
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