Clorox price target raised to $149 from $147 at Deutsche Bank

Deutsche Bank raised the firm’s price target on Clorox to $149 from $147 and keeps a Hold rating on the shares. Given the stock’s "elevated valuation," the market is already discounting strong fiscal Q3 results and a likely raise to Clorox’s fiscal 2023 outlook, the analyst tells investors in a research note. The firm sees upside risk to both organic growth and gross profit estimates on account of "fairly strong" intra-quarter consumption trends in U.S. tracked data.