March 08, 2013 at 10:05 AM EST
JP Morgan Lowers Estimates on Procter & Gamble (PG)

JP Morgan reported on Friday that it has lowered its estimates on consumer goods provider, The Procter & Gamble Company (PG).

The firm has reduced its estimates on PG based on the company missing expectations on performance. Analysts believe that the company should be showing improvements with its performance, but has not reached these improvements as expected.

Procter & Gamble shares were mostly flat during Friday morning trading. The stock has increased 14.5% in the past year.

The Bottom Line
Shares of The Procter & Gamble Company (PG) have a 2.93% yield, based on Friday morning’s price of $76.74.

The Procter & Gamble Company (PG) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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