Barclays lowered the firm’s price target on Clorox to $116 from $127 and keeps an Underweight rating on the shares. The analyst updated the model after the company provided details as to the fiscal Q1 financial impact from a previously announced cyber attack. The firm points out Clorox’s gross margins are now expected to be down year-over-year in Q1.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CLX:
- MGM Resorts (NYSE:MGM) Feels the Pinch from Cyberattack
- Clorox Stock (NYSE:CLX) Should Get Back on Track after Cyberattack
- Clorox price target lowered to $135 from $140 at Wells Fargo
- Clorox price target lowered to $120 from $145 at BofA
- Clorox downgraded to Market Perform from Outperform at Raymond James