Church & Dwight up after RBC upgrades to "outperform"

Church & Dwight

02/06/2025 15:24

** Shares of Trojan condom maker Church & Dwight CHD.N rise as much as 1.9% at $100.22 in early trading

** Brokerage RBC Capital Markets upgrades stock to "outperform" from "sector perform"; raises PT to $114 from $100

** RBC notes stock has underperformed following a soft Q1 impacted by destocking, slower category growth, and impact of tariffs; believes this is a good entry point

** Says confidence is renewed and sees outlook reflecting challenges of  current environment adequately

** Sees co to gain market share above-category growth for rest of the year

** Brokerage bullish on Touchland acquisition, given product differentiation, distribution opportunities and loyal consumer base

** Average recommendation of 24 analysts is "hold"; with a median PT of $102- data compiled by LSEG

** Up to last close, stock has fallen ~6% YTD

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))