DA Davidson analyst Linda Bolton Weiser raised the firm’s price target on Clorox (CLX) to $171 from $153 and keeps a Neutral rating on the shares after its Q1 earnings beat. The company saw a strong 31% organic sales growth against the cyberattack-impacted quarter last year while retailers also took some flu season shipments early, shifting sales from Q2, the analyst tells investors in a research note. The firm adds however that abnormal cyberattack comparisons go away in the second half of FY25, so organic sales growth is expected to be in the normalized range of 3%-5%.
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