Procter & Gamble Shares Downgraded by Jefferies Because of Rising Commodity Costs

Posted by Michael Nagle

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Procter & Gamble’s profitability will suffer because of rising commodity costs, according to Jefferies.

The firm lowered its rating for Procter & Gamble shares to hold from buy, predicting the company will report earnings below expectations next fiscal year.

Analyst Kevin Grundy cited a number of factors weighing on the consumer product giant, including….CLICK for the complete article

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