These Analysts Sees Strong Above-Peer Growth Potential In Church & Dwight: Here's Why
Portfolio Pulse from Lekha Gupta
Raymond James analyst Olivia Tong has upgraded Church & Dwight Co Inc (CHD) to Market Perform from Underperform, citing strong cash flow generation and growth potential from acquired businesses. Tong also sees CHD benefiting from Clorox Company's (CLX) recent cyberattack. Morgan Stanley analyst Dara Mohsenian maintained an Overweight rating on CHD, expecting above-peers and above-consensus organic sales and EPS growth.
October 23, 2023 | 6:25 pm
News sentiment analysis
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NEGATIVE IMPACT
Clorox's recent cyberattack is expected to benefit Church & Dwight in the short term.
The cyberattack on Clorox is likely to have a negative impact on its stock in the short term, as it may benefit its competitor Church & Dwight.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Church & Dwight has been upgraded by Raymond James and is expected to see strong growth. The company is also expected to benefit from Clorox's cyberattack.
The upgrade by Raymond James and the potential benefits from Clorox's cyberattack are likely to have a positive impact on Church & Dwight's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100