As previously reported, Argus upgraded Church & Dwight to Buy from Hold with a $115 price target. The firm is positive on the management having refocused the company’s “power brands”, which are either number one or number two in their respective product categories with high growth and high margins, the analyst tells investors in a research note. Argus further cites Church & Dwight’s long history of raising the dividend, with the payout being increased annually at an average of 4.5% over the past five years.
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