Seeking Alpha

Clorox lower after JPMorgan moves to bearish stance

  • JPMorgan downgrades Clorox (CLX -1.7%) to Underweight from Neutral.
  • The investment firm is concerned about the company's ability to hit its target growth rate of 3% to 5%.
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Comments (5)
  • wigit5
    , contributor
    Comments (4222) | Send Message
     
    I'd like to double up in the low 80s please... double downgrade?
    8 Jan 2014, 02:20 PM Reply Like
  • Oxyman
    , contributor
    Comments (111) | Send Message
     
    low 80's do appear to have relatively good support! ex-div date is 27 Jan14; .71.. interesting to see where stock price goes after ex-date.......
    8 Jan 2014, 04:01 PM Reply Like
  • Bridge Bum
    , contributor
    Comments (68) | Send Message
     
    I agree CLX was (is) overbought, but waiting for the stock to hit, say, 82, might be asking too much. Somewhere in the 85 to 87 range results in a yield in line with its history.

     

    Long CLX
    8 Jan 2014, 05:17 PM Reply Like
  • jumpnjoey77
    , contributor
    Comments (907) | Send Message
     
    Buy the downgrades. Has been working with CLX since 2002.
    9 Jan 2014, 02:50 AM Reply Like
  • KTOOMBS2
    , contributor
    Comments (104) | Send Message
     
    Ever year some clown at one of these investment firms come out with a downgrade and you know what CLX just keeps going up. I love this company. This is a buying opportunity.
    9 Jan 2014, 01:45 PM Reply Like
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