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Fly News Breaks for February 5, 2019
CLX
Feb 5, 2019 | 08:19 EDT
BMO Capital analyst Shannon Coyne raised his price target on Clorox to $175 and kept his Outperform rating after its Q2 earnings beat and affirmed FY19 guidance. The analyst notes that the company's gross margin expansion was "faster than expected" and sees the management's outlook as "conservative" in light of the "softening commodity pressures and low expectations in Household" sector. Coyne also raises his FY19 EPS outlook to $6.40 from $6.32 to reflect the latest results.
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