HSBC Initiates Coverage On Clorox with Hold Rating, Announces Price Target of $146
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Alejandro Zamacona has initiated coverage on Clorox (NYSE:CLX) with a Hold rating and a price target of $146.
September 22, 2023 | 11:20 am
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HSBC has initiated coverage on Clorox with a Hold rating and a price target of $146, which may influence investor sentiment.
The Hold rating from HSBC indicates a neutral outlook for Clorox, suggesting that the stock is fairly valued at current levels. The price target of $146 provides a reference point for investors, which could influence trading decisions. However, the impact on the stock price in the short term is uncertain as it depends on the market's reaction to this news.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100