DA Davidson lowered the firm’s price target on Clorox to $152 from $176 and keeps a Neutral rating on the shares. The analyst cites the company’s disclosure that its Q1 results will be materially impacted by a previously announced cybersecurity attack. The firm also warns that in addition to the earnings impact of supply shortages, Clorox brands could suffer long-term damage as competitors seek to make inroads during this period of disruption.
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Read More on CLX:
- Clorox price target lowered to $140 from $150 at Wells Fargo
- Clorox (NYSE:CLX) Drops After Cyberattack Impacts Operations
- Clorox sees cybersecurity attack impact as ‘material’ to Q1 financial results
- Clorox price target raised to $176 from $155 at DA Davidson
- Clorox (CLX) Announces Q3 Dividend: Read On for Important Dates
