TD Cowen analyst Robert Moskow has maintained their neutral stance on CLX stock, giving a Hold rating today.
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Robert Moskow’s rating is based on a combination of factors that reflect both positive and cautious elements in Clorox’s current performance and outlook. Clorox reported a stronger-than-expected second quarter with organic growth that surpassed consensus expectations, and EPS also exceeded projections. Despite these positive results, management maintained their guidance, factoring in challenges such as competitive pressures in the trash bag segment, foreign exchange headwinds, and sluggish category growth.
While Clorox has successfully gained market share in most of its categories and benefited from innovation, the company faces ongoing issues that temper its growth prospects. The competitive landscape and consumer demand for value present hurdles, and there is a modest adjustment in EPS guidance, which remains largely unchanged except for slight increases due to pull-forward sales. Furthermore, potential tariffs and their influence on costs also pose a risk. These mixed factors contribute to Moskow’s Hold rating, suggesting a neutral stance as the company navigates these challenges.
According to TipRanks, Moskow is a 4-star analyst with an average return of 3.8% and a 49.52% success rate. Moskow covers the Consumer Defensive sector, focusing on stocks such as JM Smucker, Vital Farms, and Campbell Soup.
In another report released today, Morgan Stanley also maintained a Hold rating on the stock with a $165.00 price target.