Deutsche Bank Upgrades Clorox (CLX) to Buy; Strong Brand Awareness
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Deutsche Bank upgrades Clorox (NYSE: CLX) to Buy.
Deutsche analyst says, "Retailer destocking, input cost inflation, private label threat and minimal currency exposure is weighing on sentiment, but brand health is strong, cost inflation net of F/X is in guidance and we believe upside to earnings is likely...Volume growth should accelerate as pricing laps and company steps up advertising investment, which should help boost multiple. Shares are trading well below historical range and DCF suggests upside to our $66 target (raised from $65)."
To see more analyst ratings on CLX Click Here.
The Clorox Company engages in the production, marketing, and sales of consumer products in the United States and internationally.
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