UPDATE: UBS Investment Research Raises PT to $51 on Church & Dwight; Organic Growth

UBS Investment Research increases its price target from $48 to $51 on Church & Dwight

on domestic organic growth, but reiterates its Neutral rating on shares as current valuation is full. UBS Investment Research notes, "Church & Dwight's impressive 10.1% consumer domestic organic growth, driven by liquid laundry detergent is a clear indicator of laundry share gains. We expect CHD to continue gaining domestic laundry share despite the company's decision to maintain pricing (as P&G rolls back prices) with Sun Products as the primary source of share. While P&G and Church & Dwight indicated expansion of the laundry pods category, we agree with CEO Jim Craigie that repeat levels a year from now will be the true indicator of pods impact on each business." CHD closed at $51.54 on Friday.