Jefferies Initiates Coverage On Clorox with Underperform Rating, Announces Price Target of $117
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Kaumil Gajrawala has initiated coverage on Clorox (NYSE:CLX) with an Underperform rating and set a price target of $117.
November 13, 2023 | 11:08 am
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Jefferies has initiated coverage on Clorox with an Underperform rating and a price target of $117, which may influence the stock's performance negatively.
Analyst ratings can significantly influence investor sentiment and stock prices. An Underperform rating suggests that the analyst believes Clorox will not perform as well as its industry peers. The price target of $117 may also imply a downside if the current stock price is higher, leading to potential negative short-term price movement.
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IMPORTANCE 80
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