Goldman negative on Clorox, lukewarm on Campbell Soup


Goldman is apparently taking a more guarded approach to the consumer staples space, moving to cautious citing valuation and fundamentals.

The firm has reportedly downgraded Clorox (CLX) to Sell and Campbell Soup (CPB) to Neutral.

CPB got hit hard last week after putting up a soft quarter.

"It's difficult to see the clear path to your full year guidance," Goldman's Jason English told management on the Q1 call. "Across the year, we will see the progressive benefit of new products and innovation that will help the top line," CFO B. Craig Owens responded. (transcript)

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Comments (3)
  • windsurfer55mph
    , contributor
    Comment (1) | Send Message
     
    Well if people sell CLX I'll buy more when price goes down
    24 Nov 2013, 09:51 PM Reply Like
  • King Rat
    , contributor
    Comments (1609) | Send Message
     
    So... defensive stocks are overrated but highly leveraged banking stocks are a good buy?

     

    Something is seriously wrong here.
    25 Nov 2013, 04:17 AM Reply Like
  • hwood007
    , contributor
    Comments (1195) | Send Message
     
    I have not had a good opinion of GS for some time. They do not like to return profits to stock holders as much as other firms. They value their stocks so much more than I do.
    25 Nov 2013, 04:34 PM Reply Like
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