New Coverage for Sterling, Revisions for Proctor & Gamble

Now watching

Next video starts in : 7 Play

New Coverage for Sterling, Revisions for Proctor & Gamble

New Coverage for Sterling, Revisions for Proctor & Gamble
Replay video
Up next

Twitter Earnings, Home Data: What to Watch on Wall Street April 28

Unlock your personal NFL Now stream by signing in to NFL.com

New Coverage for Sterling, Revisions for Proctor & Gamble

by TheStreet 0:48 mins

New Coverage for Sterling, Revisions for Proctor & Gamble

by TheStreet 0:48 mins

The world's biggest name in household products is feeling pressure after a downward revision. Procter & Gamble (PG) stocks are trading lower after Wells Fargo (WFC) downgraded the stock to Market Perform. Estimates were also cut. Wells said, "innovations are having a muted impact" and "U.S. share trends have weakened in the face of competition." Channel Advisory got an upgrade from Deutsche Bank to a Buy. The firm expects strong growth due to strong e-commerce market. Sterling Bancorp was initiated at Jefferies at Buy with a $14 price target. TheStreet's Susannah Lee has all the Analysts' Actions from Wall Street.

TheStreet

Business

Market Movers

  1. 13:30

    Wall Street's record followup; Apple earnings preview; Chipotle's GMO-free menu

  2. 2:41

    Apple Earnings Preview

  3. 3:13

    Chipotle removes GMO products from menu

  4. 2:51

    Pharmaceutical companies increase drug prices: WSJ Report

  5. 1:52

    Apple jumps ahead of earnings; Applied Materials merger falls apart; Deutsche Bank overhaul plan

  6. 14:30

    Nasdaq set to top record; Apple Watch deliveries; Comcast abandons merger