Morgan Stanley lowered the firm’s price target on Church & Dwight to $100 from $110 and keeps an Equal Weight rating on the shares. The valuation premium versus peers has compressed after weak Q1 EPS, notes the analyst, who thinks this is “fair” with decelerating C&D market share trends as well as “muted” category growth.
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Read More on CHD:
- Church & Dwight Faces Challenges: Hold Rating Due to Weaker Performance and Downward Guidance
- Church & Dwight price target lowered to $100 from $115 at Truist
- Church & Dwight price target lowered to $102 from $110 at UBS
- Church & Dwight price target lowered to $84 from $94 at Barclays
- Church & Dwight price target lowered to $100 from $105 at RBC Capital
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