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CLX

Clorox

$126.71

-0.09 (-0.07%)

06:36
04/19/18
04/19
06:36
04/19/18
06:36

Clorox downgraded to Underweight, valuation 'stretched,' says Morgan Stanley

As previously reported, Morgan Stanley downgraded Clorox to Underweight from Equal Weight and cut its price target to $116 from $128. Analyst Dara Mohsenian said valuation looks "stretched" on muted earnings growth and lowered his FY19 earnings estimate by 2% to reflect deterioration in US Household Products sector.

  • 02

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  • 30

    May

CLX Clorox
$126.71

-0.09 (-0.07%)

04/19/18
MSCO
04/19/18
DOWNGRADE
MSCO
Underweight
Clorox downgraded to Underweight from Equal Weight at Morgan Stanley
03/29/18
BMOC
03/29/18
NO CHANGE
Target $147
BMOC
Outperform
Clorox on track to meet sales objectives, says BMO Capital
BMO Capital analyst Shannon Coyne writes that the recent meetings with the management team of Clorox gave her more confidence in the company's track to meet its FY18 sales growth targets. Over the longer term, the analyst sees Clorox's "2020 Strategy" yielding outperformance in sales and margins through "continued strong brand investment, innovation and technology transformation". Coyne keeps her Outperform rating and $147 price target on Clorox.
02/08/18
02/08/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Clorox (CLX) downgraded to Hold from Buy at Argus with analyst John Staszak saying that while the company is benefiting from low-cost operations and strong market share, margin pressure and private-label competition pose obstacles to its growth. 2. Cosan (CZZ) downgraded to Neutral from Buy at UBS. 3. Inphi (IPHI) downgraded to Underperform from Neutral at BofA/Merrill with analyst Vivek Arya citing "materially worse" first quarter guidance led by persistent inventory issues in the coherent transimpedance amplifier/driver business in China. 4. Enanta (ENTA) downgraded to Neutral from Overweight at JPMorgan with analyst Jessica Fye saying she believes improved hepatitis C virus royalties and a lower U.S. tax rate are now reflected in the shares. 5. Allison Transmission (ALSN) downgraded to Neutral from Buy at BofA/Merrill with analyst Ross Gilardi saying he expects a strong fourth quarter driven by robust growth in its high margin spare parts business and a recovery in its Off-Highway segment but sees some risks to operating leverage next year due to business mix and higher R&D. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/08/18
ARGS
02/08/18
DOWNGRADE
ARGS
Hold
Clorox downgraded to Hold at Argus on competitive and margin pressure
As reported earlier, Argus analyst John Staszak downgraded Clorox to Hold from Buy, saying that while the company is benefiting from low-cost operations and strong market share, margin pressure and private-label competition pose obstacles to its growth. The analyst sees few near-term catalysts for the stock after its latest Q2 earnings beat and FY18 guidance raise. Staszak also notes that Clorox has "substantial debt", and investors may sell on any sign that the company could reduce its dividend payment to boost its balance sheet.

TODAY'S FREE FLY STORIES

SPLK

Splunk

$116.68

0.13 (0.11%)

15:34
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Splunk options imply 8.1% move in share price post-earnings, above median historical move »

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VFC

VF Corp.

$82.17

0.89 (1.10%)

15:30
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Defensive short-term play opened in VF Corp »

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PYPL

PayPal

$82.78

1.71 (2.11%)

15:29
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05/24
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PayPal sees FXN revenue growth of 17%-18% CAGR over medium-term »

Sees non-GAAP EPS growth…

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PYPL

PayPal

$82.56

1.49 (1.84%)

15:26
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PayPal targeting $1B-$3B per year for M&A »

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JNJ

Johnson & Johnson

$122.16

-1.3 (-1.05%)

15:26
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Jury delivers $25.75M verdict in Johnson & Johnson baby powder case »

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15:25
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General news
Treasury Closing Summary: »

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LXFT

Luxoft

$32.80

-10.55 (-24.34%)

15:23
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05/24
15:23
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15:23
Downgrade
Luxoft rating change  »

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  • 24

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PYPL

PayPal

$82.25

1.18 (1.46%)

15:19
05/24/18
05/24
15:19
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15:19
Hot Stocks
PayPal at session highs, up 2% to $82.63 as CFO presents at investor day »

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GPS

Gap

$32.87

0.9 (2.82%)

15:19
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05/24
15:19
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15:19
Options
Gap options imply 9.6% move in share price post-earnings, above median historical move »

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  • 24

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TMUS

T-Mobile

$57.03

0.01 (0.02%)

15:17
05/24/18
05/24
15:17
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15:17
Periodicals
T-Mobile glitch let anyone access customer account data, ZDNet reports »

A glitch in…

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
05/24/18
05/24
15:17
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15:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
05/24/18
05/24
15:16
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Technical Analysis
NYSE market internals summary »

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AMZN

Amazon.com

$1,605.50

3.73 (0.23%)

15:14
05/24/18
05/24
15:14
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15:14
Periodicals
Family claims Amazon device recorded, shared private conversation, Kiro7 says »

A Portland family has…

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  • 04

    Jun

ADSK

Autodesk

$139.19

-0.11 (-0.08%)

15:04
05/24/18
05/24
15:04
05/24/18
15:04
Options
Autodesk options imply 8.1% move in share price post-earnings, above median historical move »

Pre-earnings options…

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SJM

J.M. Smucker

$109.22

-0.98 (-0.89%)

15:00
05/24/18
05/24
15:00
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15:00
Options
Notable spread in JM Smucker »

Notable spread in JM…

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DB

Deutsche Bank

$12.29

-0.605 (-4.69%)

14:58
05/24/18
05/24
14:58
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14:58
Periodicals
Deutsche Bank shareholders vote down motion to remove Chairman, Reuters says »

About 91% of Deutsche…

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TOT

Total

$61.03

-0.36 (-0.59%)

14:51
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Total acquires 10% interest in Novatek's Arctic LNG 2 project »

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IGLD

Internet Gold

$3.38

0.37 (12.29%)

14:49
05/24/18
05/24
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Technical Analysis
Technical Take: Internet Gold spikes after results »

The stock was last up…

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NTNX

Nutanix

$56.05

-0.19 (-0.34%)

14:49
05/24/18
05/24
14:49
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Options
Nutanix options imply 13.3% move in share price post-earnings, above median historical move »

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TAHO

Tahoe Resources

$5.11

-0.195 (-3.68%)

14:45
05/24/18
05/24
14:45
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14:45
Options
Tahoe Resources call volume above normal and directionally bullish »

Bullish option flow…

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NKE

Nike

$72.03

0.71 (1.00%)

, UA

Under Armour

$18.34

0.45 (2.52%)

14:29
05/24/18
05/24
14:29
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14:29
Periodicals
Nike to take MLB on-field rights from Under Armour in 2020 season, SBD says »

MLB's on-field…

NKE

Nike

$72.03

0.71 (1.00%)

UA

Under Armour

$18.34

0.45 (2.52%)

UAA

Under Armour

$20.50

0.43 (2.14%)

03/08/13
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  • 26

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IGLD

Internet Gold

$3.22

0.21 (6.98%)

14:25
05/24/18
05/24
14:25
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14:25
Earnings
Internet Gold jumps 20% to $3.65 after disclosing Q1 results 

Reference Link

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IP

International Paper

$54.61

-0.145 (-0.26%)

14:20
05/24/18
05/24
14:20
05/24/18
14:20
Options
2X average daily option volume in International Paper and calls lead puts 11:1 »

2X average daily option…

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
05/24/18
05/24
14:17
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14:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
05/24/18
05/24
14:16
05/24/18
14:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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