Church & Dwight (CHD) Back to 'Top Pick' at Oppenheimer

February 6, 2019 9:30 AM

Oppenheimer analyst Rupesh Parikh reiterated an Outperform rating and $73 price target on Church & Dwight Co. Inc. (NYSE: CHD) and reinstated it as a Top Pick following the 7%+ decline in shares on 2/5.

Parikh commented, "Last week, we removed CHD as a top pick, as we were fearful of the potential for a below-plan guide in a high-expectation setup. With the reset now out of the way, we believe investors can again focus on a still attractive outlook for CHD. We continue to feel comfortable with 3%+ organic sales growth and 8% EPS growth with a likely higher quality delivery in 2019 vs. 2018. M&A optionality could represent upside to our base case. CHD pullbacks tend to be less frequent, and we believe the recent weakness should be bought.

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 $61.25 yesterday.

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