Consumer companies rose as the major stock indexes drifted higher, with investors reluctant to place fresh bets in the holiday-shortened week.
Clorox posted minor gains 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. The firm said it is seeing improvement in tracked channel demand and the worst of the negative impacts from August’s cyberattack is largely behind Clorox.
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