The firm said it raised its rating on the consumer packaged goods company as it believes Procter & Gamble is improving its operating efficiency, while facing currency and commodity headwinds.
Credit Suisse raised its price target on Procter & Gamble stock to $105 from $95.
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Shares of Procter & Gamble are higher by 0.91% to $90.82 in pre-market trading this morning.
Separately, TheStreet Ratings team rates PROCTER & GAMBLE CO as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate PROCTER & GAMBLE CO (PG) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
Highlights from the analysis by TheStreet Ratings Team goes as follows: