Investing.com -- HSBC downgraded Procter & Gamble to "Hold" from "Buy" and cut its price target to $149 from $182, saying the consumer goods giant's reinvestment in marketing and innovation has yet to translate into stronger sales volumes or margin recovery despite continued spending.
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Procter & Gamble Has Raised Its Dividend for 70 Straight Years. Only 5 Other Companies Can Say the Same.Seven decades of annual raises say plenty about this business. The current yield makes it worth a fresh look.