CLX stock continues to soar higher as the products the company makes continue to be restricted and in short supply.
On June 30, 2020, DA Davidson analyst Linda Bolton Weiser initiated coverage of Clorox with a Buy rating and $256 price target. The stock’s outperformance can continue with indications of a heightened awareness of the role of disinfecting in public health lasting for longer period than in prior global health crises, the analyst tells investors in a research note. Bolton Weiser further states that two-thirds of the Clorox cleaning business – about 34% of sales – is comprised of disinfecting products, including cleaners and wipes, bleach and laundry products, and B-to-B professional products.
On June 9, 2020, AMC Entertainment (AMC) said, “Many things can change between now and July, but with the safety and well-being of our associates and guests as our first priority, combined with our rebuilding a successful and thriving business, we are taking the following steps aimed at optimizing the timeliness, safety and profitability of our reopenings: Maintaining close contact with local, national and international officials to understand and coordinate the timing and requirements under which we can reopen. Consulting with current and former faculty from the prestigious Harvard University School of Public Health to seek guidance from the best scientists and experts on how best to create a safe environment for our guests and associates. Personal protection equipment, cleaning protocols, limited theatre capacity, blocked seating, and other strategies are all being planned. We are especially looking at high tech solutions as well, to aid in our sanitization techniques including the use of electrostatic sprayers, HEPA vacuums and wherever possible upgraded MERV 13 air ventilation filters. Establishing a protocol partnership with the global leader in all things clean, The Clorox Company (CLX), as they advise us as to how we can make our theatre environments as safe and clean as possible. Educating our guests so that they understand the actions we are taking with their safety in mind. Implementing aggressive marketing communications and promotional activity aimed at jumpstarting consumer demand. Reducing our cost structure, intensely examining every category of our expenditures to lower our spending wherever possible.”