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Clorox price target lowered to $117 from $120 at TD Cowen

TD Cowen lowered the firm’s price target on Clorox (CLX) to $117 from $120 and keeps a Hold rating on the shares. The firm lowered its estimates to more fully account for operating deleverage stemming from the company’s 1Q service disruptions during its ERP transition and lingering weakness in organic sales growth in the firm’s retail tracking data.

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