Clorox (CLX) Tops Q2 EPS by 9c; Boosts Outlook Modestly

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Clorox (CLX) Proves Conservative on Initial FY16 Guidance - UBS Raises PT to $110

February 5, 2016 9:49 AM EST

UBS reiterated a Sell rating on Clorox (NYSE: CLX), and raised the price target to $110.00 (from $105.00), following the company's 2Q earnings report. CLX reported $1.14 in EPS, beating consensus estimates of $1.05. This outperformance was driven largely by +210 bps in GM expansion. CLX did not raise FY16... More