Church & Dwight price target raised to $110 from $100 at Truist

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.

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