Clorox Reaches Analyst Target Price
September 23, 2016 at 09:45 AM EDT
In recent trading, shares of Clorox Co (CLX) have crossed above the average analyst 12-month target price of $125.88, changing hands for $126.57/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..