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June 29, 2012
By: TOM BRANNA
Editor
• RBC Capital Markets downgraded Procter & Gamble Co to “sector perform” from “outperform,” expressing doubts over the management’s ability to execute a recent plan to cut costs and drive growth for its key businesses. The downgrade comes after the world’s largest household products maker lowered its growth forecasts for the second time in two months and unveiled plans to cut costs and focus on its core businesses. “We no longer have the conviction that PG can pull this off with near fl...
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