Clorox higher after Argus upgrade

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

Shares of Clorox (NYSE:CLX) track higher in premarket trading after Argus moves to a Buy rating from Hold.

"We like Clorox’s low-cost operations, strong market share in mid-price product categories, and efforts to boost revenue through innovation," reads the analyst note.

The firm also points to Clorox's strong dividend (2.36% yield, 57.6% payout ratio).

Argus hikes its price target on Clorox to $175.

CLX +1.48% premarket to $152.17

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