Clorox shares are trading lower after Citigroup downgraded the stock from Buy to Neutral and lowered its price target from $170 to $165.
Portfolio Pulse from Benzinga Newsdesk
Clorox shares dropped following a downgrade by Citigroup from Buy to Neutral, with a price target reduction from $170 to $165.

April 02, 2024 | 12:58 pm
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NEGATIVE IMPACT
Clorox's stock price is expected to face downward pressure in the short term due to the downgrade by Citigroup from Buy to Neutral and a lower price target.
Analyst ratings, especially from prominent financial institutions like Citigroup, can significantly influence investor sentiment and stock prices. The downgrade from Buy to Neutral suggests a less optimistic outlook on Clorox's future performance, potentially leading to a sell-off or reduced buying interest. The reduction in the price target further emphasizes concerns about the company's valuation, likely contributing to short-term negative pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100