JP Morgan Maintains Underweight on Church & Dwight Co, Raises Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Andrea Teixeira has maintained an Underweight rating on Church & Dwight Co (NYSE:CHD) but increased the price target from $87 to $95.

January 18, 2024 | 7:28 pm
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JP Morgan maintains an Underweight rating on Church & Dwight Co but raises the price target from $87 to $95, indicating a potential downside risk but with a slightly more positive outlook.
The Underweight rating suggests that JP Morgan's analyst believes that Church & Dwight Co's stock may not perform as well as its industry peers in the near term. However, the increase in the price target from $87 to $95 indicates a slightly more optimistic view of the company's potential, albeit still underperforming the market. This could lead to a mixed reaction in the short term as investors digest both the reaffirmation of the Underweight rating and the increased price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100