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

July Fourth in New York City Means Two Things: Fireworks and Hot Dog Eating Contests

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

Personal Finance

  1. 1:04

    Money Minute: Can I really negotiate my doctor's bills?

  2. 1:59

    Unexpected -- and brilliant -- ways these people made tons of money

  3. 1:07

    How to start investing in your 401(k)

  4. 2:23

    You can't go wrong if you major in a STEM field and other myths about college

  5. 2:17

    How much would you spend on your wedding?

  6. 1:10

    Money Minute: When is the right time to lock in your mortgage rate?