Piper Sandler initiated coverage of Church & Dwight with an Overweight rating and $120 price target. The firm sees a “reliable growth profile” for the company, driven by sustainable positive volumes and “healthy” cash levels to continue pursuing accretive acquisitions opportunities. The shares have proven to stay resilient in challenging markets, but also presents more upside opportunity following a year-to-date performance that has lagged peers, the analyst tells investors in a research note.
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