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$NWL 2Q15 Q&A: Altobello of Raymond asked about Baby margin growth. John said there’re 2 things that challenge margin 1) A&P spend 2) Pricing actions we took to defend core market in North American. We’re going to do that, it’s going to be the first priority for us overall over the next year, but eventually will return to focusing more on margin.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.