BofA upgrades Church & Dwight on growth prospects

Church & Dwight

15/04/2025 13:06

** Brokerage BofA Global Research upgrades Trojan condom maker Church & Dwight CHD.N to "buy" from "neutral", raises PT to $125 from $112

** Shares of CHD rise 1.2% to $106.86 premarket

** New PT represents 15.5% upside to the stock's last close

** Brokerage says CHD is well-positioned to perform well in a recession due to its value-focused portfolio and limited exposure to private-label competition

** Brokerage notes that CHD has a strong track record of outperforming the S&P 500 Index in past recessions, with an average beat of 22%

** Brokerage expects co to prioritize volume growth over price increases in a challenging consumer environment

** Following increased spending on marketing and capital projects, the company has seen a boost in its market share through 2024, says BofA

** Ten out of 26 brokerages rate the stock "buy" or higher, 11 rate "hold", 5 rate "sell" or higher and their median PT is $110 as per data compiled by LSEG

** As of last close, CHD stock up 0.83% YTD

 (Reporting by Padmanabhan Ananthan)

 ((Padmanabhan.Ananthan@thomsonreuters.com))