Clorox PT raised by Citi on market share recovery

Church & Dwight

06/09/2024 14:25

** Brokerage Citigroup raises PT on cleaning product maker
Clorox's  CLX.N  shares to $170 from $165, maintains "neutral"
rating
    ** Clorox should continue to recover shelf space and market
share it lost after being hit by cyberattack last August - Citi
    ** Company to benefit from sequential improvement in key
categories such as trash bags, multipurpose cleaners and bleach
- brokerage
    ** Clorox still working to recover share lost to peer Church
& Dwight  CHD.N  and private label brands, given relatively
sticky consumer behavior in the category - brokerage
    ** Brokerage Jefferies also maintains "hold" rating, raises
PT to $174 from $151
    ** Clorox will be able to pull off its 3% to 5% organic
sales growth forecast in FY25 - Jefferies
    ** 3 of 23 brokerages rate stock "buy", 14 "hold" and 6
"sell"; median PT $150.50 - LSEG
    ** Clorox's stock up nearly 16% YTD as of last close

 (Reporting by Anuja Bharat Mistry in Bengaluru)
 ((AnujaBharat.Mistry@thomsonreuters.com))