Jefferies Lowers Clorox's Price Target Amid Concerns Over Second-Half Performance
Jefferies has lowered its price target for Clorox (CLX) to $139 from $151, citing challenges in the second half of the year due to geopolitical tensions, inflation, and weak category growth. The firm maintains a Buy rating but warns of potential earnings guidance cuts and weaker-than-expected organic growth in Q3. JPMorgan also downgraded Clorox to Underweight, citing similar concerns.
Tickers: $CLX
Topics: analyst downgrade Clorox Jefferies JPMorgan price target stock analysis