Procter & Gamble faces choppy months ahead, Citi says in downgrade
By Yoongi in Business
Updated 3 years ago
Investors should trim any oversized positions in Procter & Gamble ahead of some tough spring and summer quarters, Citi said in a note to clients. The bank downgraded the consumer staples giant to neutral from buy on the heels of a strong earnings report and lowered its price target for the stock as well.