Church & Dwight Is 'Largely Out Of The Woods,' Analyst Sees Further Upside
Portfolio Pulse from Lekha Gupta
Truist Securities analyst Bill Chappell has upgraded Church & Dwight Company, Inc. (NYSE:CHD) from Hold to Buy with an increased price target from $95 to $105. The upgrade is based on CHD's strong Q2 results and increased guidance above the Street for the second time this year. Chappell believes CHD is 'largely out of the woods' from the post-pandemic reversion and sees further upside to margin and EPS estimates.
August 28, 2023 | 6:32 pm
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POSITIVE IMPACT
Church & Dwight's stock has been upgraded by Truist Securities, which could lead to a positive impact on its stock price.
The upgrade from Truist Securities, along with an increased price target, indicates a positive outlook for Church & Dwight. This could lead to increased investor confidence and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100