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

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.'