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Fly News Breaks for December 16, 2016
CLX
Dec 16, 2016 | 08:57 EDT
As noted earlier, BMO Capital initiated coverage of Clorox with an Outperform rating. Analyst Shannon Coyne says that the recent decline in the company's multiple has created a buying opportunity. She says that the company has shown excellent execution, and "an advantageous portfolio based on megatrends." The analyst believes that the company's advanced digital technology gives it a "significant competitive advantage." Target $136.
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