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      Upward Direction Of Clorox (CLX) Stock After Analyst Upgrade

      By Fahim Awan

      Published on

      December 15, 2023

      2:30 PM UTC

      Upward Direction Of Clorox (CLX) Stock After Analyst Upgrade

      The Clorox Company (NYSE: CLX) appears to be experiencing an upward trajectory on the US stock market today. Notably, Clorox stock has demonstrated a 1.28% increase, reaching $144.00 in the latest premarket session. In the preceding session, CLX stock concluded at $142.18, reflecting a 2.37% decline. This positive movement in Clorox stock aligns with a recent endorsement by financial analysts.

      BofA Securities, a prominent analyst firm, has upgraded its evaluation of Clorox (CLX) today. The firm has transitioned its rating for the stock from “Underperform” to “Neutral,” concurrently revising the price target to $150, up from the previous $120.

      Moreover, during Hispanic Heritage Month, members of Clorox’s HOLA employee resource group showcased their dedication to addressing food insecurity—an urgent concern affecting Hispanic communities throughout the United States. Their endeavors, encompassing over 190 hours of volunteer service, unfolded across various Clorox locations.

      In Alameda County, HOLA volunteers confronted food insecurity by meticulously packing 16,258 pounds of food, contributing to the daily provisions for 60,000 individuals at the local food bank. Meanwhile, in Sunrise, they diligently sorted and packed 6,000 meals, aiding Feeding South Florida in addressing a 10% food insecurity rate among Hispanics.

      The HOLA team in North Carolina, where 17% of Hispanics face food insecurity, packed 1,500 pounds of food, benefiting 225 families and supporting the local food bank. In Alpharetta, HOLA members addressed a 12% food insecurity rate by sorting 10,000 pounds of food, aligning with the mission of the Atlanta Community Food Bank. These collective efforts significantly alleviate hunger in diverse communities, leaving a substantial impact.

      To extend and fortify these initiatives, The Clorox Company Foundation has allocated $65,000 in contributions to all four local food organizations. Additionally, an extra $95,000 has been donated to address hunger issues faced by children during the summer months.

      This period poses a challenge for millions of children who lack consistent access to food due to their reliance on school nutrition programs, leaving them without reliable sustenance. The foundation has further extended its philanthropy on behalf of Clorox teammates to food organizations in six other Clorox communities.

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