Procter & Gamble downgraded to Neutral from Buy at SunTrust SunTrust believes Procter & Gamble's launch of a mid-tier Tide product is a "bad idea" and will dilute the brand. The analyst expects Gain, P&G's second largest detergent brand, to be the biggest loser and for shares to be pressured in the coming quarters. As a result, SunTrust downgraded shares to Neutral from Buy and lowered its price target to $80 from $88.
News For PG From The Last 14 Days
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