Procter & Gamble repeats FY14 organic sales growth view 3%-4% Sees FY14 all-in sales growth in-line to up 2%. Sees FY14 core EPS growth 3%-5%, currency neutral core EPS growth 12%-14%. Comments from slides that will be presented at the CAGNY Conference.
Coty downgraded to Neutral from Buy at Citi Citi downgraded Coty (COTY) to Neutral after shares rallied on a New York Post report saying the company is in talks to acquire Procter & Gamble's (PG) beauty business for $12B. Citi sees potential challenges with the deal and notes the stock is up 65% since its upgrade in January. The firm raised its price target for shares to $32 from $29.