Clorox Co.’s stock CLX rose by 1.7% in premarket trading on Wednesday after J.P. Morgan upgraded the bleach and cleaning products maker to neutral from underweight and also lifted its price target to $145 a share from $124. Analyst Andrea Teixeira said J.P. Morgan is seeing improvement in tracked channel demand. For its fiscal second-quarter 2024, J.P. Morgan expects Clorox to beat analyst consensus estimates for profit margin and earnings per share, after the most recent quarter fared better than expected despite a cybersecurity breach. Higher shipments and better cost absorption drove results. Looking ahead, analysts…
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