Piper Sandler: 'Church & Dwight Co. Inc. (CHD) Remains a Top Idea; PT Lowered to $126

Piper Sandler analyst Korinne Wolfmeyer lowered the price target on Church & Dwight Co. Inc. (NYSE: CHD) to $126.00 (from $128.00) while maintaining an Overweight rating.

The analyst commented: "Reit. a Favored Idea, Softer Outlook Creates Opportunity; CHD remains a top idea, and we'd take advantage of any weakness following Friday's Q4 results/investor day. We're cognizant of potential challenges, but we also believe management has properly set expectations and continues to instill confidence in their ability to remain one of the stronger and more consistent HPC names in terms of volume and innovation. International is also becoming a more meaningful contributor, and the focus on M&A isn't fading. These are the kind of catalysts that we believe could push shares beyond the current valuation, and we'd urge investors to get ahead. Our PT moves to $126."

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