Church & Dwight price target raised to $103 from $94 at RBC Capital

RBC Capital raised the firm’s price target on Church & Dwight to $103 from $94 and keeps a Sector Perform rating on the shares. The company’s Q4 results were “solid”, with outperformance on the top and bottom lines led by its faster-growing categories and with key brands continuing to gain share, the analyst tells investors in a research note. Church & Dwight topline momentum should continue and support the front-end weighted reinvestment to support new launches, RBC added.