Church & Dwight Co. Inc. (CHD) PT Raised to $118 at Jefferies

Jefferies analyst Kevin Grundy raised the price target on Church & Dwight Co. Inc. (NYSE: CHD) to $118.00 (from $116.00) while maintaining a Buy rating.

The analyst commented, "We continue to view CHD as a core holding/lift our PT to $118 post co.'s (+) 4Q / upbeat Analyst Day. It is evident that CHD is emerging from the pandemic an even stronger co. (fortified supply chain, higher structural growth) building on its multi-decade core competencies (brand-building, M&A, culture, accountability). CHD left door open for (+) revision to LT algo., and GM % is set to improve in 2H22/'23. Shares (+) at 24.5x EV/'23 ULFCF (in-line w/ peers)."

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