Church & Dwight upgraded to Outperform from Neutral at Credit Suisse

Credit Suisse analyst Kaumil Gajrawala upgraded Church & Dwight to Outperform from Neutral with a price target of $95, up from $85. Historically top performer in HPC missed numbers last year as demand in certain discretionary brands softened, the analyst notes. However, trends are now improving, portfolio 40% value-oriented could benefit in case of recession, and relative valuation versus peers is well below historical levels, Gajrawala argues.