Jefferies initiated coverage of Church & Dwight with a Hold rating and $99 price target. The analyst says the company is back on track after a weak 2022. Arm & Hammer is doing well, discretionary has stabilized, and recent deals are contributing more, the analyst tells investors in a research note. However, the shares trade at a 45% premium to peers, meaning the market appears to have already taken the good news into account, contends Jefferies.
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