Citigroup Downgrades Clorox to Neutral Following Post-Cyberattack Rebound
Tuesday, 2 April 2024, 12:53
Citigroup's Neutral Outlook on Clorox
Citigroup has downgraded Clorox (CLX) to a neutral rating following the company's recovery from a recent cyberattack. The decision reflects a cautious stance on Clorox's future performance in the market.
Post-Cyberattack Rebound
The post-cyberattack rebound of Clorox is under scrutiny by Citigroup, as the brand aims to regain stability and investor confidence.
- Neutral Rating: Citigroup's move to a neutral rating indicates a shift in perception regarding Clorox's market potential.
- Challenges Ahead: The downgrade suggests potential challenges for Clorox in navigating post-cyberattack recovery.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.