Goldman negative on Clorox, lukewarm on Campbell Soup

|About: The Clorox Company (CLX)|By:, SA News Editor

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)