Clorox Upgraded at Barclays Capital (CLX)

in Gold Gold Investing Gold Investment by admin — March 16, 2010 6:15 am | no comments

Cleaning products maker The Clorox Company ( CLX ) on Tuesday saw its rating and price target boosted by analysts at Barclays Capital. The analyst raised its rating on CLX to “Overweight” from “Equal Weight,” citing recent top line momentum. Barclays also raise its price target for the stock, which had closed at $62.93 on Monday, to $71 from $67. In addition, the firm set its 2010 and 2011 earnings estimates for CLX at $4.23 and $4.73, respectively. Clorox shares rose 71 cents, or +1.1%, in premarket trading Tuesday. The Bottom Line We have been recommending shares of CLX since July 30, when the stock was trading at $60.26. The company has a dividend yield of 3.18%, based on last night’s closing stock price of $62.93. The Clorox Company ( CLX ) is a “recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .