BofA raised the firm’s price target on Church & Dwight to $115 from $105 and keeps a Buy rating on the shares after the company hosted its analyst day following the release of Q4 earnings. The firm believes a higher multiple is an appropriate premium to its current valuation for consistent volume growth supported by innovation and low risk to private label trade-down, with minimal risk to tariff impact, the analyst tells investors. The firm also sees further potential for C&D to make strategic acquisitions in the near-term, the analyst noted.
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