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A Lower Price Target for AutoZone, Clorox and Del Frisco's Downgraded

Susannah Lee
9/23/14 11:04 AM EDT
In Tuesday's Analysts' Actions, Clorox and Del Frisco's get downgraded to NEUTRAL while AutoZone's price target is lowered. Del Frisco's (DFRG) was cut to a NEUTRAL from BUY rating at Sterne Agee. The analysts there say they 'see greater cost headwinds related to beef and labor cost inefficiencies related to a large number of new store openings.' AutoZone's (AZO) price target was lowered to $562 from $590 a share at JPMorgan (JPM). That's still about 10% higher than where the stock is currently trading. The analysts there say 'comparable-store sales growth has moderated.' Clorox (CLX) was downgraded at Citigroup to NEUTRAL from BUY. The firm however is maintaining its $101 price target for the stock. Citi says the downgrade comes from the 'still-tough macro backdrop and intense competition for Clorox's market shares.'
Stock quotes in this video: DFRG, AZO, JPM, CLX, C

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