Oppenheimer Comments on Management Outlook at Clorox

Oppenheimer has published a research report on Clorox CLX. In the report, Oppenheimer wrote, "Throughout our recent meeting, Clorox senior management expressed optimism regarding its momentum exiting fiscal 2011, and that its two primary headwinds—market growth and commodity costs—are moving in the right direction, while characterizing fiscal 2012 guidance as conservative." Oppenheimer rated Clorox a Perform with no price target given. Clorox closed Wednesday at $65.28.