Market optimism over the potential for interest rate cuts next year is dangerously overdone, according …
Read More »Goldman Sachs downgrades Clorox: Valuation is ‘unsustainably high’
Goldman Sachs downgraded its rating on Clorox shares to sell from neutral on Wednesday, casting doubt over the company’s ability to perform through the fourth quarter of this year. “We see unsustainably high relative valuation for Clorox … compounded by” risk to its earnings, Goldman Sachs wrote in a note …
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