Global Finance News
11 Sep 2026, 15:32
Clorox Stock Falls 3% as Wells Fargo Cuts Price Target to $90
Clorox shares fell 3% to $86.08 on Friday as Wells Fargo lowered its price target on the consumer products company while maintaining an Equal Weight rating.
Wells Fargo analyst Chris Carey reduced the firm’s price target to $90 from $102. The new target represents only about 4.6% upside from Clorox’s current share price, suggesting limited appreciation potential based on the firm’s valuation.
UBS analyst Peter Grom also reiterated a Neutral rating on Clorox, reinforcing a cautious analyst stance toward the stock.
The combination of Wells Fargo’s sizable price-target reduction and neutral ratings from both firms comes as Clorox shares trade under pressure, with investors weighing the company’s growth and valuation outlook.
Clorox shares fell 3% to $86.08 on Friday as Wells Fargo lowered its price target on the consumer products company while maintaining an Equal Weight rating.
Wells Fargo analyst Chris Carey reduced the firm’s price target to $90 from $102. The new target represents only about 4.6% upside from Clorox’s current share price, suggesting limited appreciation potential based on the firm’s valuation.
UBS analyst Peter Grom also reiterated a Neutral rating on Clorox, reinforcing a cautious analyst stance toward the stock.
The combination of Wells Fargo’s sizable price-target reduction and neutral ratings from both firms comes as Clorox shares trade under pressure, with investors weighing the company’s growth and valuation outlook.
