New Coverage for Sterling, Revisions for Proctor & Gamble

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New Coverage for Sterling, Revisions for Proctor & Gamble

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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.

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