What To Know About B of A Securities's Upgrade of Church & Dwight Co
Portfolio Pulse from Benzinga Insights
B of A Securities upgraded Church & Dwight Co (NYSE:CHD) to Neutral with a new price target of $100.00, up from $85.00. CHD's shares are currently trading at $91.44, and the new target suggests a potential 9.36% increase. Church & Dwight is a leading producer of baking soda and other consumer products, with over 80% of sales in the U.S.
December 15, 2023 | 5:00 pm
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POSITIVE IMPACT
B of A Securities upgraded Church & Dwight Co to Neutral and raised the price target from $85.00 to $100.00, indicating a potential upside of 9.36% from the current price.
The upgrade by B of A Securities to a Neutral rating and the increase in price target to $100.00 are strong positive signals for investors, suggesting a more favorable outlook on CHD's stock. This could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100