Investing.com6d agobearish
HSBC downgrades Procter & Gamble to Hold as reinvestment weighs on growth outlookInvesting.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.