Raymond James Downgrades Clorox to Market Perform
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Olivia Tong has downgraded Clorox (NYSE:CLX) from Outperform to Market Perform.
October 05, 2023 | 10:42 am
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Clorox has been downgraded from Outperform to Market Perform by Raymond James, which could potentially impact the stock's performance.
Analyst ratings often influence investor sentiment and can impact a stock's price. A downgrade from Outperform to Market Perform suggests that the analyst believes the stock will now perform in line with the average market return, rather than outperforming it. This could potentially lead to a decrease in demand for the stock, and subsequently, a decrease in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100