Erste Group Elevates Procter & Gamble to Buy; Analysts Raise Price Targets After Mixed Quarter
Erste Group moved Procter & Gamble (NYSE: PG) from Hold to Buy, citing attractive valuation relative to peers. The consumer goods company reaffirmed guidance for low-single-digit sales growth and modest EPS expansion, while outlining a $14-15 billion plan to return capital to shareholders. Several other large brokerages adjusted ratings and price t…