Deutsche Bank Sees 10% Upside In Procter & Gamble

Deutsche Bank has a Buy rating and a $72 price target on shares of Procter & Gamble PG. In a note to clients, Deutsche Bank writes, "Growth in US and Europe remains tepid, with mix shift to faster growing but lower gross margin developing regions persisting, a dynamic that is partially cyclical but also structural. With most catch-up investments complete, company should be able to leverage mid singles organic growth to drive high single digit EPS growth which should be enough at this reasonable relative valuation and modestly improving growth outlook. Maintain Buy, $72 target." Shares of PG lost 58 cents on Friday to close at $65.43, a loss of 0.88%.