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Benzinga
Benzinga
Business
Shivani Kumaresan

Atlantic Equities Downgrades This Household Products Manufacturer- Read Why

Atlantic Equities CHD NYSE
  • Atlantic Equities analyst Edward Lewis downgraded Church & Dwight Co Inc (NYSE:CHD) to Neutral from Overweight with an $80 price target, implying a 17.44% downside.
  • Lewis noted as demand conditions begin to normalize, the company faces "an inevitable slowing of growth," which is likely to be exacerbated by its recent pricing actions.
  • Cost pressures will remain elevated across the supply chain, and Church & Dwight will see its returns decline as it steps up investment to bring production of key products in-house, the analyst added.
  • Price Action: CHD shares are trading lower by 0.77% at $96.14 in premarket on the last check Wednesday.
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