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Citigroup, BMO Capital Offer some Bullish Comments on Clorox (CLX)

By Dividend.com,  August 03, 2012, 08:50:43 AM EDT

Cleaning products maker The Clorox Company ( CLX ) on Friday caught some bullish commentary from analysts at BMO Capital and Citigroup.

BMO capital maintained its "Market Perform" rating on CLX but lifted its price target to $77, suggesting a 6.6% upside to the stock's Thursday closing price of $72.22. The firm noted Clorox is realizing better pricing.

Meanwhile, analysts at Citigroup reiterated their "Buy" rating for CLX and boosted their price target to $84, suggesting a 16% upside. The firm noted company fundamentals remain strong.

Clorox shares were unchanged in premarket trading Friday.

The Bottom Line
Shares of Clorox ( CLX ) have a 3.54% dividend yield, based on last night's closing stock price of $72.22. The stock has technical support in the $68-$70 price area. The shares are trading near all-time highs.

The Clorox Company ( CLX ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: CLX



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