Citigroup Downgrades Clorox to Neutral, Lowers Price Target to $165
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Wendy Nicholson downgraded Clorox (NYSE:CLX) from Buy to Neutral and reduced the price target from $170 to $165, indicating a more cautious outlook on the stock.
April 02, 2024 | 12:46 pm
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Clorox was downgraded by Citigroup from Buy to Neutral, with a price target reduction from $170 to $165, suggesting a tempered expectation for the stock's performance.
The downgrade from Buy to Neutral by a major financial institution like Citigroup, accompanied by a decrease in the price target, typically signals a less optimistic view on the stock's future performance. This can influence investor sentiment and potentially lead to a short-term decrease in stock price.
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