Clorox price target lowered to $169 from $171 at DA Davidson

DA Davidson lowered the firm’s price target on Clorox (CLX) to $169 from $171 and keeps a Neutral rating on the shares. The company reported a Q2 earnings beat, with some charcoal shipments shifted to Q2 from Q3, while the promotional levels have returned to pre-COVID levels, the analyst tells investors in a research note. Top-line performance was skewed by unusually hard comparison however given the post-cyberattack channel replenishment a year ago, the firm added.