Citigroup Maintains Neutral on Clorox, Lowers Price Target to $90
Citigroup analyst Filippo Falorni maintains Clorox (NYSE:CLX) with a Neutral and lowers the price target from $97 to $90.
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Citigroup analyst Filippo Falorni maintains Clorox (NYSE:CLX) with a Neutral and lowers the price target from $97 to $90.
TD Cowen analyst Robert Moskow maintains Clorox (NYSE:CLX) with a Hold and lowers the price target from $85 to $80.
Clorox offers an attractive 6% dividend yield with a record date of Oct. 28 for its $1.25 quarterly payout. Investors would need 1,000 shares (approximately $83,440) to generate $5,000 in annual dividends. While the company has raised dividends for 49 consecutive years and is approaching Dividend King status, concerns exist regarding its unsustainable payout ratio exceeding 103% and weak stock performance over the past five years.