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By: Dividend Daily
June 01, 2012 at 09:39 AM EDT
Clorox Upgraded to “Buy” at Citigroup (CLX)
Cleaning products maker The Clorox Company (CLX) on Friday caught a big upgrade from analysts at Citigroup.
The firm said it upgraded CLX from “Neutral” to “Buy” with a $78 price target. That new target suggests a 13% upside to the stock’s Thursday closing price of $68.80. Citigroup noted the company has strong management and its well-positioned for growth in coming quarters.
Clorox shares posted modest gains in premarket trading Friday.
The Bottom Line
The Clorox Company (CLX) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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