Clorox upgraded to Hold from Sell at TD Cowen
The Fly

Clorox upgraded to Hold from Sell at TD Cowen

TD Cowen upgraded Clorox (CLX) to Hold from Sell with a price target of $170, up from $155. The company’s fiscal 2025 guidance now appears conservative in light of sequential improvement post the August 2023 cyberattack, the analyst tells investors in research note. The firm says this provides management “with flex to deliver” more earnings “beats-and-raises” while also leaving room for further investment. These factors bode well for Clorox stock in the near-term, contends TD.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App