Several analysts cut their CLX price targets
Shares of household cleaning name Clorox Co (NYSE:CLX) are down 2.5% at $134.96 at last glance, after the company's fiscal third-quarter earnings and revenue missed estimates. Profits of $1.45 per share also fell below the $1.71 per share from the same quarter a year ago.
A slew of analysts slashed their price targets after the event, including Morgan Stanley to $150 from $165. The stock has yet to see any downgrades, as 16 of the 17 brokerages in coverage already carry a "hold" or worse rating.
On the charts, the equity traded as low as $129.74 earlier today, though that $130 region appears to be keeping losses in check, as it did in June and July. Since the start of the year, CLX is down 17%.
Over in the options pits, Clorox stock has seen quadruple the options volume typically seen at this point. The May 125 put is the most popular, followed by the May 135 call.