Church & Dwight price target raised to $91 from $83 at RBC Capital

RBC Capital raised the firm’s price target on Church & Dwight to $91 from $83 but keeps a Sector Perform rating on the shares after its earnings beat. The company reported a "strong quarter" that over-delivered, with momentum in Household products and recent acquisitions more than offsetting discretionary brand weakness, the analyst tells investors in a research note. Given it is early in the year, macro uncertainties, and reinvestment initiatives, Church & Dwight’s narrowed guide for the year is understandable, the firm adds.