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Church & Dwight up after RBC upgrades to "outperform"

ReutersJun 2, 2025 2:24 PM

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

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