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September 24, 2001
By: TOM BRANNA
Editor
Goldman Sachs on Monday said it raised its weighting on U.S. household and personal care stocks to “market overweight” from “market weight.”The firm also placed Procter & Gamble Co. on its recommended list, upgrading it from “market outperformer” and raised its rating on bleach maker Clorox Co. to “market outperformer” from “market performer.”The investment bank said it expected the sector to outperform over the next six to nine months due to accelerating earnings-per-share growth, better relative earnings growth, less risk of downward earnings revisions, and more attractive valuations.
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