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Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Business

Business & Economics

Jefferies Cuts Clorox Price Target to $145 Amid ERP Transition Turbulence, Maintains Buy

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey
Summary
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76% Informative

Jefferies lowered its price target on Clorox (NYSE: CLX ) from $167 to $ 145 , while reiterating a Buy rating on the stock.

Jefferies cited short-term uncertainty stemming from the company's upcoming rollout of its ERP system.

The firm sees a buying opportunity in what it describes as the “messiness” of this transition period, arguing that long-term investors could benefit.

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English

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short-lived

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