CLX - These Analysts Sees Strong Above-Peer Growth Potential In Church & Dwight: Here's Why | Benzinga
Raymond James analyst Olivia Tong upgrades Church & Dwight Co Inc (NYSE: CHD) to Market Perform from Underperform.
The analyst re-rates the stock, given its justified premium to its peers on the acquired Hero and Therabreath businesses and strong cash flow generation.
Also, Tong sees CHD benefiting from Clorox Company's(NYSE: CLX) unfortunate cyberattack, particularly in cat litter and laundry stain-fighting, in the near term.
Related: Clorox Faces Challenges from Cyberattack; Analyst Predicts Slow Recovery Until FY25
For Q3, the analyst raises the organic sales estimate to +5% Y/Y from +4.5% prior (price/mix +3%, ...