Optimism on Procter & Gamble from Credit Suisse

• Credit Suisse is out with a positive note on Procter & Gamble (NYSE:PG).
• The investment firm says strategic initiatives are on track at the multinational.
• Procter & Gamble is on a dual track of shedding unprofitable businesses and weaning extra expenses out of mainstay units.
• CS has an Outperform rating and $105 price target on P&G.
• PG +0.2% premarket.