Deutsche Bank Raising Price Target On Procter & Gamble (PG)

Deutsche Bank is maintaining its Hold rating and is raising its price target to $70 from $68 on The Procter & Gamble Company PG. In a note sent to investors, Deutsche Bank writes, "Behind its broad "touching and improving lives" rallying cry, the company is investing to build scale in developing markets and expand share in developed regions. As volume comparisons become more difficult, company needs to show it can sustain its investment driven top-line while expanding margins. While most brands are heading in the right direction, US and WE categories remain weak and we only see modest upside following recent move in a flat market. Maintain Hold, raising target to $70 (from $68)." Shares of PG closed at $64.81 on Friday.