Deutsche Bank Maintains a 'Hold' Rating on Clorox (CLX); Raises Price Target
More News related to CLX
- The Stain Doctor Is In With 24/7 Holiday Clean-Up Prescriptions
- Clorox (CLX) Declares $0.50 Quarterly Dividend; 3.3% Yield
- Clorox Declares Regular Quarterly Dividend
- Clorox Announces Pricing of $300 Million Senior Notes
- The Clorox Company Joins the Business Coalition for Workplace Fairness
More News related to Analyst Comments
- JANCO Partners Downgrades Energy Conversion Devices (ENER) to Sell
- Feltl & Co. Downgrades ArcSight (ARST) to Sell
- Credit Suisse Downgrades Comcast (CMCSA) to Neutral
- Citi Downgrades AK Steel (AKS) to Hold
- Citi Downgrades Netflix (NFLX) to Hold
Deutsche Bank maintains a 'Hold' rating on Clorox (NYSE: CLX) raises price target from $60 to $62
Deutsche analyst says, "Despite relatively strong fundamentals driven by gross margin tailwinds and robust cost savings and perhaps some modest volume acceleration, investor sentiment is eschewing US-centric/commodity exposed names given likely better sustainable growth elsewhere in the group and market when macro improves. Management is doing the right things with cautious guidance, significant innovation and stepped up brand spending, but with multiple likely capped given inflation fears, we believe upside in the name is capped at our revised $62 target (from $60)."
"While some non-core tertiary brands could see some destocking/deletions, we believe portfolio should broadly benefit given dominant shares in most categories and proven ability to expand category growth."
The Clorox Company is a manufacturer and marketer of consumer products.
To see more analyst ratings on CLX Click Here.
Related Categories
Analyst CommentsStocks Mentioned
+0.27Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
