Citi Maintains Clorox Hold (CLX)

Citi maintained its Clorox CLX Hold in a research report published today. In the report, Citi states, "On Friday afternoon, Carl Icahn reported that he had secured a 9% stake in CLX through a combination of stock and options. Press reports suggest that he considers CLX to be an undervalued entity, and that he seeks an opportunity to meet with CLX management to identify ways to maximize shareholder value. Reflecting the news that Icahn had taken a stake in CLX, the stock closed up 8% on Friday." Shares of Clorox were trading at $70.70 in pre-market trading at the time of posting, down 0.79% from Friday's market close.