Bernstein puts a number to Procter & Gamble breakup

|By:, SA News Editor

Bernstein puts a number to the sum-of-the-parts talk on Procter & Gamble (NYSE:PH).

The analyst team thinks P&G is worth $104 based off of M&A comparables and some operational improvements due to a smaller scale factored in. The $104 valuation on Procter is 37% higher than yesterday's closing price of $75.76.

Bernstein has an Outperform rating on Procter & Gamble.

Source: Bloomberg, MarketWatch