Procter & Gamble (PG) February volatility elevated into Trian taking new stake

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Go back to Procter & Gamble (PG) February volatility elevated into Trian taking new stake

Procter & Gamble (PG) PT Raised to $101 at Jefferies as Activist Investor Petlz Takes Stake

February 15, 2017 7:21 AM EST

Jefferies analyst Kevin Grundy reiterates Buy rating and raises price target on Procter & Gamble (NYSE: PG) to $101 (from $99), as activist investor, Nelson Peltzs takes a $3.5 billion stake (roughly 1.5%) in the company.

Grundy comments, "Press reports indicate activist investor Nelson Peltz's Trian... More