Church & Dwight share weakness provides buying opportunity, says Argus

Church & Dwight shares have underperformed the S&P over the past quarter, up 3%, compared to a gain of 5% for the index, and Argus tells investors in a research note that the recent weakness provides a buying opportunity. The firm, which has a Buy rating and $125 price target on the shares, says management has refocused the “power brands” which are either number one or number two in their respective product categories, with high growth and high margins, and thinks this new focus on the power brands could lead to market share gains and support management’s target of 8% annual EPS growth.