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December 12, 2001
By: TOM BRANNA
Editor
JP Morgan on Wednesday said it raised its rating on consumer products giant Procter & Gamble Co. to “buy” from “long-term buy,” a day after the maker of Tide laundry detergent said earnings would beat estimates.Analyst Sally Dessloch told Reuters she also raised her price target to $88 from $80, saying the earnings guidance signals “the company is turning the corner.”“While the company continues to face challenges ahead, we think management has its ...
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