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Clorox’s Price Target Cut at Citigroup (CLX)

Cleaning products maker The Clorox Company ( CLX ) on Friday saw its price target lowered by analysts at Citigroup.

The firm maintained its "Hold" rating on CLX but cut its price target from $71 to $69. That new target suggests a flat upside to the stock's Thursday closing price of $69.01.

Clorox shares, which have risen 9% year-to-date, fell 98 cents, or -1.4%, in premarket trading Friday.

The Bottom Line

Shares of Clorox ( CLX ) have a 3.48% dividend yield, based on last night's closing stock price of $69.01. The stock has technical support in the $64-$66 price area. If the shares can firm up, we see overhead resistance around the $71-$74 price levels.

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 Nasdaq, Inc.

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

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