BofA Securities Upgrades Church & Dwight Co. Inc. (CHD) to Buy, 'Succeeding with value in a recessionary environment'

BofA Securities analyst Anna Lizzul upgraded Church & Dwight Co. Inc. (NYSE: CHD) from Neutral to Buy with a price target of $125.00 (from $112.00).

The analyst comments "We upgrade Church & Dwight (CHD) to Buy from Neutral and increase our PO to $125 from $112 prior, based on a ~30x P/E multiple on our 2026e EPS of $4.24 (from a 26x P/E multiple prior). Our rating change is based on our view that CHD is poised to benefit from a challenging consumer backdrop and potential trade-down with its value portfolio. In our Consumer Staples recession playbook, CHD outperformed the S&P 500 Index in the last four recessions, at an average beat of 22% vs. the S&P 500 Index."

For an analyst ratings summary and ratings history on Church & Dwight Co. Inc. click here. For more ratings news on Church & Dwight Co. Inc. click here.

Shares of Church & Dwight Co. Inc. closed at $105.58 yesterday.

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