Goldman Says Buy Procter & Gamble (PG)

Goldman Sachs is out with a research note saying to buy The Procter & Gamble Company PG. It has a Buy rating on shares. In the research note, Goldman writes, "Buy P&G as under-appreciated EM stock. We expect P&G to generate EM sales growth that outpaces peers. The company has significant potential to enhance growth from white space expansion against its already strong market share positions. Strong EM gains can drive 5%-plus global sales growth that exceeds consensus. We expect stronger and more profitable growth to emerge in 2011 and drive the stock higher." Shares of PG lost 62 cents to close at $63.92.