In a report published Wednesday, BTIG Research analyst April Scee initiated coverage on Church & Dwight Co. CHD with a Buy rating and $84.00 price target.
In the report, BTIG Research noted, “We like Church's Mega Brand Strategy, we believe organic will accelerate in F15, that margins should also be strong in F15, and that a transformational acquisition is likely. Although biz looks fairly, we estimate $2bn of transactional potential and with a 60/40 probability in the next 12-18mo; this adds $14 to our valuation and we initiate with a Buy/tgt $84.”
Church & Dwight Co. closed on Tuesday at $74.23.
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