UPDATE: Deutsche Bank Reiterates Hold Rating, Raises PT on The Clorox Company
In a report published Monday, Deutsche Bank reiterated its Hold rating on The Clorox Company (NYSE: CLX), and slightly raised its price target from $72.00 to $73.00.
Deutsche Bank noted, “Call forwarding - Moderating commodity costs, residual pricing and proven cost savings are driving modest operating profit growth despite relatively tepid sales growth trends for both the company and its categories. Company still dominates its mid-sized categories by leading with innovation and marketing acumen, but risk/reward is balanced at these valuation levels relative to growth potential.”
The Clorox Company closed on Friday at $73.05.
Latest Ratings for CLX
|Dec 2016||BMO Capital||Initiates Coverage On||Outperform|
|Dec 2016||Morgan Stanley||Upgrades||Underweight||Equal-Weight|
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