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CLX

Clorox

$158.28

0.02 (0.01%)

, PG

Procter & Gamble

$120.10

-1.35 (-1.11%)

07:52
09/11/19
09/11
07:52
09/11/19
07:52

Clorox valuation unwarranted given widening gap with peers, says Morgan Stanley

Morgan Stanley analyst Dara Mohsenian reiterates his Underweight rating on Clorox (CLX) shares despite the stock's recent underperfomance compared to peers such as Procter & Gamble (PG), Colgate-Palmolive (CL) and Church & Dwight (CHD) as he believes the company's decelerating topline growth, market share losses and lower gross margin expansion make the stock's current valuation compared to peers unwarranted. Though he is not yet revising his estimates, Mohsenian sees risk of downward earnings revisions if scanner trends continue to deteriorate, he tells investors. He maintains a $144 price target on Clorox shares.

CLX

Clorox

$158.28

0.02 (0.01%)

PG

Procter & Gamble

$120.10

-1.35 (-1.11%)

CL

Colgate-Palmolive

$72.09

-1.07 (-1.46%)

CHD

Church & Dwight

$72.30

-0.8 (-1.09%)

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CLX Clorox
$158.28

0.02 (0.01%)

08/02/19
RBCM
08/02/19
NO CHANGE
Target $161
RBCM
Sector Perform
Clorox price target raised to $161 from $139 at RBC Capital
RBC Capital analyst Nik Modi raised his price target on Clorox to $161 after its Q4 earnings beat driven by improved cleaning trends and expanding gross margins. The analyst keeps his Sector Perform rating however, saying the fundamentals for the company should be "challenging" for the near future and the road to recovery may take longer than its management projects.
05/20/19
05/20/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. American Airlines (AAL) downgraded to Underweight from Equal Weight at Morgan Stanley while Delta Air Lines (DAL) was downgraded to Equal Weight from Overweight. 2. Deutsche Bank (DB) downgraded to Sell from Neutral at UBS with the firm saying the bank is facing limited strategic options and its operating conditions are unlikely to improve in the near term amid intense competition. 3. Eaton Vance (EV) double downgraded to Underperform from Buy at BofA/Merrill with analyst Michael Carrier lowering estimates to reflect slower flow trends, a difficult product mix, and potential margin pressures ahead. 4. ProAssurance (PRA) downgraded to Underperform from Market Perform at Keefe Bruyette with analyst Christopher Campbell saying the stock has rallied 9% since the company's "disappointing" Q1 results. 5. Clorox (CLX) downgraded to Hold from Buy at Argus with analyst John Staszak citing the company's revenue deceleration reported in Q3 to "just 2%" as well as its near-term growth outlook cut to 2%-3% from 2%-4%. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/20/19
05/20/19
DOWNGRADE

Hold
Clorox downgraded to Hold at Argus on decelerating revenue
As previously reported, Argus analyst John Staszak downgraded Clorox to Hold from Buy, citing the company's revenue deceleration reported in Q3 to "just 2%" as well as its near-term growth outlook cut to 2%-3% from 2%-4%. The analyst notes the impact of increased competition in the bags, wraps and wipes categories and also believes that earnings will be pressured by the management's increase in promotional spending. At 23.2-times his expected FY19 earnings, Staszak says Clorox stock adequately reflects his expected decline in growth.
05/20/19
ARGS
05/20/19
DOWNGRADE
ARGS
Hold
Clorox downgraded to Hold from Buy at Argus
Argus analyst John Staszak downgraded Clorox to Hold from Buy.
PG Procter & Gamble
$120.10

-1.35 (-1.11%)

08/12/19
MSCO
08/12/19
NO CHANGE
Target $129
MSCO
Overweight
Procter & Gamble EPS growth can outpace peers, says Morgan Stanley
Morgan Stanley analyst Dara Mohsenian reiterated his Overweight rating and $129 price target on Procter & Gamble (PG) following the company's Q4 report, which he said gave him greater confidence in his thesis that the company's market share gains and strong category pricing can continue to drive above-consensus topline growth. Coupled with P&G's outsized gross margin expansion, he expects higher EPS growth than peers, said Mohsenian, who also views the stock's valuation as "attractive."
07/31/19
WELS
07/31/19
NO CHANGE
Target $135
WELS
Outperform
Procter & Gamble price target raised to $135 from $125 at Wells Fargo
Wells Fargo analyst Bonnie Herzog raised her price target for Procter & Gamble to $135 from $125 as she believes "everything clicked into place" for the company in Q4, demonstrating that management's multi-year transformation is "clearly working." The analyst reiterates an Outperform rating on the shares.
07/31/19
FBCO
07/31/19
NO CHANGE
Target $117
FBCO
Neutral
Procter & Gamble price target raised to $117 from $108 at Credit Suisse
Credit Suisse analyst Kaumil Gajrawala raised his price target for Procter & Gamble to $117 from $108 following quarterly results and as he believes the company re-invested the upside back in the business, supporting his view for sustained +MSD% organic growth. The analyst reiterates a Neutral rating on the shares.
07/31/19
RHCO
07/31/19
NO CHANGE
Target $120
RHCO
Hold
Procter & Gamble price target raised to $120 from $100 at SunTrust
SunTrust analyst William Chappell raised his price target on Procter & Gamble to $120 after its Q4 earnings beat and to reflect the multiple expansion across the entire group amid sector rotation into large-cap consumer staples. The analyst also keeps his Hold rating, noting that the company's Q4 earnings beat and FY20 guidance are likely priced in.
CL Colgate-Palmolive
$72.09

-1.07 (-1.46%)

06/11/19
ARGS
06/11/19
NO CHANGE
Target $82
ARGS
Buy
Colgate-Palmolive price target raised to $82 from $72 at Argus
Argus analyst Chris Graja raised his price target on Colgate-Palmolive to $82 and kept his Buy rating. The analyst cites the company's 2.4% dividend yield exceeding the 10-year Treasury note payout and expects that dividend to continue to increase. Graja also points to Colgate-Palmolive's accelerating organic sales growth in Q1 to 3% from 2% in Q4 driven by the management's more aggressive advertising initiatives, greater e-commerce product availability, and the company's high financial strength rating relative to his coverage universe.
04/29/19
04/29/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Target (TGT) upgraded to Overweight from Equal Weight at Barclays with analyst Matthew McClintock saying Target is taking market share from a "much weaker" retailer subset than other positive traffic retailers. 2. Sprouts Farmers Market (SFM) upgraded to Buy from Hold at Deutsche Bank. 3. American Airlines (AAL) upgraded to Buy from Hold at Deutsche Bank with analyst Michael Linenberg saying American's lowering of its earnings guidance range last week was not unexpected given the recent rise in fuel prices and grounding of its MAX fleet. The analyst thinks the resetting of expectations by management establishes a "floor" for American's share price and provides the company a bit more "cushion" around its earnings targets. 4. Colgate-Palmolive (CL) upgraded to Neutral from Underweight at JPMorgan with analyst Andrea Teixeira saying the company's organic growth is "finally starting to show consistent improvement," despite mixed signals from most recent scanner data in the U.S. 5. Adobe (ADBE) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Keith Weiss saying his field work, meetings with management and analysis of segment contribution margins have boosted his confidence in Adobe's ability to sustain EPS growth of over 20%, even if he assumes decelerating Digital Media growth. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/29/19
JEFF
04/29/19
NO CHANGE
Target $73
JEFF
Hold
Colgate-Palmolive price target raised to $73 from $61 at Jefferies
Jefferies analyst Kevin Grundy raised his price target for Colgate-Palmolive to $73 from $61 following the company's "solid" Q1 results. While a recovery in China will take time, Colgate-Palmolive is "importantly seeing progress" across key markets, including the U.S. and Latin America, and the Colgate Total relaunch is progressing in-line with expectations, Grundy tells investors in a research note. He views the company's sales recovery as "encouraging," but thinks the stock's current valuation limits upside potential. As such, he keeps a Hold rating on Colgate-Palmolive.
04/29/19
JPMS
04/29/19
UPGRADE
Target $70
JPMS
Neutral
JPMorgan upgrades Colgate-Palmolive to Neutral on improved sales growth
JPMorgan analyst Andrea Teixeira upgraded Colgate-Palmolive to Neutral from Underweight and raised her price target for the shares to $70 from $62. The company's organic growth is "finally starting to show consistent improvement," despite mixed signals from most recent scanner data in the U.S., Teixeira tells investors in a research note. For the first time in two years, Colgate-Palmolive delivered both volume and pricing growth when reporting quarterly results on Friday, says the analyst. She notes that while the company's global market share losses on a year-over-year basis are still lingering, its market share has been more stable sequentially.
CHD Church & Dwight
$72.30

-0.8 (-1.09%)

05/13/19
ATLE
05/13/19
DOWNGRADE
ATLE
Neutral
Church & Dwight downgraded to Neutral from Overweight at Atlantic Equities
05/23/19
RHCO
05/23/19
NO CHANGE
Target $80
RHCO
Buy
Church & Dwight price target raised to $80 from $75 at SunTrust
SunTrust analyst William Chappell raised his price target on Church & Dwight to $80 and kept his Buy rating after meeting with its CEO Matt Farrell and CFO Rick Dierker. The analyst cites the management's confidence that the pricing adjustment to offset the rise in freight and input costs is "sticking" and will continue to hold for the "foreseeable future." Chappell also points to the "premiumization" in the company's sales mix coming from the higher price innovation in cat litter and liquid laundry detergent products, as well as the appointment of new executives who bring new ideas such as "channel and product analytics" to the company.
05/03/19
BMOC
05/03/19
NO CHANGE
Target $75
BMOC
Market Perform
Church & Dwight price target raised to $75 from $61 at BMO Capital
BMO Capital analyst Shannon Coyne raised the price target on Church & Dwight to $75 and also kept the Market Perform rating after its "impressive" Q1 earnings beat. The analyst notes that while the company's management tends to be conservative, he also believes that the current sales momentum and strong execution at Church & Dwight is already reflected in its stock price.
05/03/19
SBSH
05/03/19
DOWNGRADE
Target $71
SBSH
Sell
Citi downgrades Church & Dwight to Sell after recent rally
Citi analyst Wendy Nicholson last night downgraded Church & Dwight to Sell from Neutral while raising her price target for the shares to $71 from $64. The analyst increased her estimates following the company's "strong" Q1 results. However, Church & Dwight shares, along with several in the group, "have simply traded up awfully far and awfully fast," Nicholson tells investors in a research note. She thinks investors should "show some valuation discipline and sell this recent winner."

TODAY'S FREE FLY STORIES

SVRA

Savara

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TNDM

TNDM

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NASDAQ Market Internals

$0.00

(0.00%)

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HCP

HCP

$34.94

-0.18 (-0.51%)

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KEY

KeyCorp

$18.22

0.09 (0.50%)

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  • 17

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FBM

Foundation Building Materials

$18.92

0.03 (0.16%)

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Foundation Building Materials files to sell 4.75M shares of common stock »

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$NYE

NYSE Market Internals

$0.00

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PLAY

Dave & Buster's

$40.75

0.23 (0.57%)

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PRVB

Provention Bio

$9.67

0.3 (3.20%)

16:14
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Provention Bio files to sell common stock, no amount given »

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  • 02

    Oct

COST

Costco

$292.37

0.86 (0.30%)

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  • 03

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SPFI

South Plains Financial

$16.53

(0.00%)

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South Plains Financial Chief Credit Officer Kevin Bass resigns »

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  • 13

    Nov

MLHR

Herman Miller

$44.54

0.04 (0.09%)

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MLHR

Herman Miller

$44.50

(0.00%)

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ETSY

Etsy

$59.47

-0.45 (-0.75%)

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MLHR

Herman Miller

$44.50

(0.00%)

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MSFT

Microsoft

$138.48

1.08 (0.79%)

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AVNW

Aviat Networks

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MLHR

Herman Miller

$44.47

-0.03 (-0.07%)

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  • 19

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RH

RH

$171.11

-1.61 (-0.93%)

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DENN

Denny's

$22.61

0.08 (0.36%)

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  • 18

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WING

Wingstop

$86.89

0.93 (1.08%)

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  • 25

    Sep

MLHR

Herman Miller

$44.47

-0.03 (-0.07%)

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