Church & Dwight price target lowered to $100 from $102 at Deutsche Bank

Deutsche Bank analyst Steve Powers lowered the firm’s price target on Church & Dwight to $100 from $102 and keeps a Buy rating on the shares after the company concluded its strategic review and reached an agreement to divest its VMS business. The firm believes the clarity provided by the sale, removal of a material drag on sales growth, and Church & Dwight’s ability to work down costs over time will “ultimately be received favorably.”