Clorox price target raised by $10 at Citi, here’s why

Citi raised the firm’s price target on Clorox to $160 from $150 and keeps a Buy rating on the shares after meeting with management. The analyst came away from the meeting with increased conviction that Clorox should continue to recover shelf-space and market share as the cyberattack impacts are behind it, as evidenced by the sequential improvement in scanner data trends. The firm continue to think the company’s fiscal 2024 guidance “reflects a healthy dose of conservatism.”