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Benzinga
Benzinga
Business
Priya Nigam

Pricing Drove Procter & Gamble's Sales Growth Beat: BofA Analysis

Procter &Gamble BofA Securities NYSE PG

Although Procter & Gamble Co (NYSE:PG) exceeded expectations by reporting more than 10% organic sales growth for the first quarter, the company’s margins contracted, according to BofA Securities.

The Procter & Gamble Analyst: Bryan Spillane maintained a Buy rating on Procter & Gamble, while keeping the price target unchanged at $180.

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