JP Morgan cuts Clorox target to $83 and keeps underweight rating
JP Morgan cut its Clorox price target to $83 from $95 and kept an underweight rating. The bank also held its underweight view on Enlight Renewable Energy.
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what happened
Dow Jones Newswires, citing Benzinga, reports that JP Morgan lowered its price target on Clorox shares to $83 from $95 while keeping its underweight recommendation.
According to the same source, the bank also maintained its negative rating on Enlight Renewable Energy shares without changing it.
why it matters
A lower target combined with a negative rating usually signals that the bank expects the stock to lag the market. For consumer-goods investors, such moves serve as a sentiment reference rather than a trading signal on their own.
tags
instruments
sources
- Enlight Renewable Energy Is Maintained at Underweight by JP Morgan — Dow Jones Newswires, 19 October 2026 at 20:17 UTC
- Clorox Is Maintained at Underweight by JP Morgan — Dow Jones Newswires, 19 October 2026 at 20:15 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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