Market Overview

Bank Of America Remains Muted On The Clorox Co Following CEO Departure


In a report published Friday, Bank of America analyst Olivia Tong reiterated an Underperform rating and $89.00 price target on The Clorox Co (NYSE: CLX).

In the report, Bank of America noted, “CLX has announced that Don Knauss, 63 years old and CEO since 2006, will retire, effective November 20th. Taking his spot will be Benno Dorer, 50 years old, who has been with Clorox since 2005 and was COO – Cleaning, International, and Corporate Strategy. Prior to CLX, Mr. Dorer was with P&G for 15 years. He is well known amongst the investor community and has played an integral part in setting strategy in recent years, so we do not expect any material changes to CLX's outlook either short or long term. George Roeth, Current COO – Lifestyle, Household & Global Functions, has announced his intent to leave CLX in January. Mr. Knauss will continue as Chairman and as a member of the Board.”

The Clorox Co closed on Thursday at $89.90.

Latest Ratings for CLX

Apr 2019JP MorganDowngradesNeutralUnderweight
Mar 2019Credit SuisseInitiates Coverage OnOutperform
Dec 2018Wells FargoMaintainsMarket PerformMarket Perform

View More Analyst Ratings for CLX
View the Latest Analyst Ratings

Posted-In: Bank of America Olivia TongAnalyst Color Reiteration Analyst Ratings


Related Articles (CLX)

View Comments and Join the Discussion!

Latest Ratings

PEPMorgan StanleyReiterates137.0
AZRXH.C. WainwrightMaintains7.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You
for registering for Benzinga’s newsletters and alerts.
• The Daily Analysts Ratings email will be received daily between 7am and 10am.
• The Market in 5 Minutes email will be received daily between 7am and 8am.
• The Fintech Focus email will be received every Friday between 2pm and 5pm.

Buckingham Research Upgrades Francesca's To Buy, Shares Rise

Bank Of America Reacts To HomeAway, Inc. Expanding Expedia Partnership