Stifel raised the firm’s price target on Church & Dwight to $95 from $85 and keeps a Hold rating on the shares. The company recently reported stronger-than-guided Q1 results that reflect improving volumes and incremental pricing, the analyst tells investors. Stifel sees modest upside to the company’s updated sales and EPS guidance, but expects the company to reinvest at least a portion of expected gross margin expansion, Stifel says.
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Read More on CHD:
- Church & Dwight price target raised to $105 from $96 at Deutsche Bank
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- Church & Dwight price target raised to $83 from $79 at Barclays
- Church & Dwight narrows 2023 adjusted EPS growth view to 2%-4% from 0%-4%
- Church & Dwight reports Q1 adjusted EPS 85c, consensus 77c