UPDATE: J.P. Morgan Reiterates Overweight Rating, Raises PT on The Procter & Gamble Company
Posted on January 28, 2013 at 13:44 PM EST
In a report published Monday, J.P. Morgan reiterated its Overweight rating on The Procter & Gamble Company (NYSE: PG ), and raised its price target from $72.00 to $80.00. J.P. Morgan noted, “We rate Procter Overweight. In our view, PG has gained more conviction on ongoing cost savings, as evidenced