Clorox Shares Fall as Margins Dip on Cost Pressures

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Clorox (CLX) PT Lowered to $123 at DA Davidson

May 3, 2022 12:35 PM EDT

DA Davidson analyst Linda Bolton Weiser lowered the price target on Clorox (NYSE: CLX) to $123.00 (from $127.00) while maintaining a Neutral rating following earnings.

The analyst commented, "CLX reported a F3Q22 beat but again lowered FY22 gross margin guidance, with a $0.20 or 5%... More