Morningstar analyst Lauren DeSanto says the consumer products giant is well-prepared for a potentially tough European market.
Morningstar's Lauren DeSanto thinks that P&G's scale and investment in product development will allow it to serve consumers regardless of the economic backdrop.
This is not the kind of earnings season investors have gotten used to, but some companies are faring better than others.
Large-cap firms like Coke and P&G aren't the massive bargains they were in the downturn, but they still look attractive in light of their safety, dividend yields, and competitive advantages.
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