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Stock impact report

Clorox lands higher rating from Jefferies after exit from Argentina [Seeking Alpha]

Clorox Company (The) (CLX) 
Last clorox company (the) earnings: 5/1 06:30 am Check Earnings Report
Company Research Source: Seeking Alpha
Analyst Kaumil Gajrawala views Clorox's ( CLX ) exit from Argentina in a favorable light. While Argentina was noted to represent about ~2% of CLX's sales, the company's presence in the nation has accounted for sizable headwinds over the years. "Pivoting away from Argentina is a net positive beyond F25, as it limits Clorox's exposure to the country's volatile operating environment," highlighted Gajrawala. The refreshed Jefferies view is that there is limited downside with the consumer staples stock due to Clorox's ( CLX ) base business being in better shape after the cybersecurity incident. The firm kept a price target of $145 on Clorox ( CLX ) in place. The PT is based on a 22X multiple to the FY25 EPS estimate. Shares of Clorox Company ( CLX ) edged higher in premarket trading to $151.05 vs. the 52-week range of $114.69 to $178.21. The Seeking Alpha Quant Rating on CLX is flashing Buy and the quant score is the second highest in the household products sector. Recommended For Y Show less Read more
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