Procter & Gamble CEO likely to lower FY14 expectations, says Citigroup

theflyonthewall.com

Citigroup believes it's a "foregone conclusion" that Procter & Gamble's new CEO A.G. Lafley will lower the company's growth expectations for FY14. Citi says P&G's market share momentum is weaker today than when it set its plan to return to its long-term earnings target of high single-to-low double-digit EPS growth in FY14. Citi hopes Lafley brings back some other former PG executives who have left the company in recent years and keeps a Buy rating on the stock.

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