Goldman Sachs analyst Bonnie Herzog upgraded Church & Dwight to Buy from Neutral with a $110 price target after assuming coverage of the name. The company’s sales growth has been accelerating driven by better execution and upside from recent high growth acquisitions, including Therabreath and Hero as Church & Dwight has successfully built out distribution for those brands, the analyst tells investors in a research note. The firm sees potential upside to topline growth as it says the company’s distribution expansion still has room to play out over the next few years.
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