In a report published Monday, Credit Suisse analyst Michael Steib reiterated an Outperform rating and $105.00 price target on Procter & Gamble Co. PG.
In the report, Credit Suisse noted, "We hosted a series of PG investor meetings in Europe. Our impression is that PG's various strategic initiatives are all well on-track, but that underlying progress is still overshadowed by external headwinds and some nearer-term execution challenges. We remain comfortable with our estimates (barring any significant further FX moves) which are based on an average 3% organic sales growth and 100bps operating margin improvement by FY16."
Procter & Gamble Co. closed on Friday at $85.13.
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