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Goldman Sachs Resumes Coverage on Procter & Gamble at “Neutral” (PG)

By Dividend.com,  December 14, 2012, 11:50:58 AM EDT

On Friday analysts at Goldman Sachs resumed coverage on diversified consumer goods manufacturer The Procter & Gamble Company ( PG ) with a "Neutral" rating.

The analysts see shares of PG reaching $74, a +5.5% upside from Thursday's closing price of $70.13.

Goldman Sachs thinks that P&G's recent $10 million cost-cutting plan could be an effective measure to see future growth.

Procter & Gamble shares were flat during morning trading on Friday. The stock is up +5.2% year-to-date.

The Bottom Line

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 .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: PG



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