Piper Sandler lowered the firm’s price target on Church & Dwight to $126 from $128 and keeps an Overweight rating on the shares. The firm says Church & Dwight remains a top idea, and it would take advantage of any weakness following Friday’s Q4 results/investor day. Piper is cognizant of potential challenges, but also believes management has properly set expectations and continues to instill confidence in their ability to remain one of the stronger and more consistent HPC names in terms of volume and innovation.
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