Truist analyst Bill Chappell raised the firm’s price target on Church & Dwight to $110 from $100 and keeps a Buy rating on the shares as part of a broader research note updating estimates among select Consumer Product names. While its Q1 results weren’t dismal, the company’s guide-down bolstered concerns about its ability to hit its long term growth algorithm, the analyst tells investors in a research note. Truist adds however that the stock has held a premium multiple for more than 15 years because of the company’s ability to hit its algorithm each year and thanks to its successful M&A strategy.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CHD:
- Boeing upgraded, PayPal initiated: Wall Street’s top analyst calls
- Church & Dwight upgraded to Outperform from Sector Perform at RBC Capital
- Strategic Acquisition of Touchland Boosts Church & Dwight’s Growth Prospects
- Strategic Acquisition and Growth Potential: Church & Dwight’s Buy Rating Reinforced by Touchland Acquisition
- Strategic Acquisition Boosts Church & Dwight’s Market Position: A Buy Recommendation