Market Overview

UPDATE: Morgan Stanley Downgrades Clorox on EPS Risk, Muted Long-Term Growth

Share:
Related CLX
Credit Suisse's 8 Consumer Stocks To Avoid
P&G Tides Over Macro Challenges: Can It Survive In 2015?
Colgate-Palmolive (CL) Beats Q4 Earnings, Shares Soar 2.9% - Analyst Blog (Zacks)

In a report published Thursday, Morgan Stanley analyst Dara Mohsenian downgraded the rating on The Clorox Co. (NYSE: CLX) from Equal-Weight to Underweight, but named an $83.00 price target.

In the report, Morgan Stanley noted, “We are downgrading CLX to UW. Slowing US consumer spending and heightened competitive pressure create near-term EPS risk that we think is not reflected in valuation, particularly as CLX's LT EPS growth potential is more muted than peers'.”

The Clorox Co. closed on Wednesday at $85.68.

Latest Ratings for CLX

DateFirmActionFromTo
Jan 2015Goldman SachsUpgradesSellNeutral
Jan 2015Deutsche BankMaintainsHold
Dec 2014CitigroupMaintainsNeutral

View More Analyst Ratings for CLX
View the Latest Analyst Ratings

Posted-In: Dara Mohsenian Morgan StanleyAnalyst Color Downgrades Analyst Ratings

 

Related Articles (CLX)

Around the Web, We're Loving...

Get Benzinga's Newsletters