JPMorgan Lowers Clorox (CLX) Price Target as Demand Slows, Dividend Growth Remains a Bright Spot

Core Viewpoint - The Clorox Company (NYSE:CLX) is facing challenges due to slowing consumer demand, but its strong dividend history and cash flow remain positive aspects for investors [2][3][4]. Group 1: Company Performance - JPMorgan analyst Andrea Teixeira has lowered the price target for Clorox from $135 to $127 while maintaining a Neutral rating [3]. - The company reported net cash from operations of $981 million in 2024, a 41% increase from $695 million in the previous fiscal year [4]. - Clorox has raised its dividend for 22 consecutive years, currently offering a quarterly dividend of $1.24 per share, resulting in a dividend yield of 4.16% as of October 14 [4]. Group 2: Market Conditions - The household, personal care, and beauty sectors are expected to experience another weak quarter due to subdued consumer demand in the US and slowing trends in Western Europe [3]. - Retailers are continuing to scale back their inventories, exacerbating the demand issues faced by Clorox and other large-cap firms in the sector [3].