Procter & Gamble (PG -1.6%), which edged lower on Friday after delivering its FQ2 report (I,...

|About: The Procter & Gamble Company (PG)|By:, SA News Editor

Procter & Gamble (PG -1.6%), which edged lower on Friday after delivering its FQ2 report (I, II), underperforms today following a downgrade to Neutral from UBS. The firm argues P&G's culture is holding back its cost-cutting efforts, and sees "incremental risk" to its 2012 EBIT guidance. UBS recommends investors consider other consumer names, such as MO, EL, MCD, and KFT.