Bank Of America Slightly Raises Estimates On Clorox

According to Bank of America, Clorox CLX FY12 estimates are raised. Bank of America said that it is raising its all-in FY12 EPS est to $4.08 from $4.04, based on seemingly a greater degree of flexibility given the reduction to the commodity outlook in the range of 10c per share. “We have no rating on CLX; we believe shares are not trading on fundamentals. Investors should no longer rely on our previous opinions or price objectives.” Clorox closed yesterday at $68.88.