Church & Dwight upgraded to Overweight from Equal Weight at Morgan Stanley

Morgan Stanley analyst Dara Mohsenian upgraded Church & Dwight to Overweight from Equal Weight with a price target of $91, up from $82. He sees "a compelling entry" point following the stock’s substantial underperformance in 2022, said Mohsenian, who expects "a pronounced and above consensus" topline acceleration and gross margin recovery coming for C&D. Consensus 2023 earnings forecasts are now at "reasonable levels," the analyst added.