Friday, March 26, 1999
TRISTATE MARKET SPOTLIGHT
Analyst gives P&G shares a kickstart
Procter & Gamble Co. shares rose after an analyst said a restructuring is expected to accelerate earnings growth next year. Shares of the Cincinnati-based maker of Tide, Cover Girl and Crest rose $5.121/2 to $100.50 for the day in heavier-than-usual trading. Earlier, shares hit a 52-week high of $100.933/4.
A global restructuring to be announced this summer will boost sales as costs are lowered in the fiscal year beginning in July, analyst Carol Wilke of Prudential Securities Inc. said. Ms. Wilke raised her 12-month target price on the stock from $100 to $115.
Ohio Casualty shifts workers to Fairfield
Duramed rides Cenestin rocket
Kings Island faces hiring challenge
Cincom joins forces with German firm
Electric deregulation explored
Kroll-O'Gara growth, acquisitions add profits
TRISTATE BUSINESS SUMMARY
TRISTATE MARKET SPOTLIGHT
INDUSTRY NOTES: MANUFACTURING
PEOPLE ON THE MOVE
