Wells Fargo backs off bullish view of Procter & Gamble

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

Wells Fargo downgrades Procter & Gamble (PG) to Market Perform from Outperform and reduces estimates for FQ4 and fiscal years 2015-2016.

The investment firm hasn't seen the fundamental forward progress that it expected and has lost some faith that growth drivers will fire up.

PG -0.5% premarket