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RBC Capital Upgrades Church & Dwight Co. (CHD), Lifts PT

On June 2, analysts at RBC Capital Markets upgraded Church & Dwight Co., Inc. (NYSE:CHD)’s stock from “Sector Perform” to “Outperform,” increasing its price objective to $114 from the prior target of $100, as reported by The Fly. The upgrade was seen after an underperformance by the company’s shares, which was mainly because of factors such as destocking, slower category growth, and the impact of tariffs.

A supermarket aisle filled with Household and Personal Care Products.

The firm’s decision to upgrade came after engaging with the management team at Church & Dwight Co., Inc. (NYSE:CHD). The firm demonstrated renewed confidence in the company’s guidance, which they opine now adequately suggests the challenges brought by the broader market environment.

The firm’s analysts remain optimistic about Church & Dwight Co., Inc. (NYSE:CHD)’s recent acquisition of Touchland, which is known for its effective and differentiated products, robust consumer loyalty, and its potential for distribution expansion. The acquisition has been tagged as a favourable move that can result in the company’s growth and market position.

Touchland has expanded into Canada and the Middle East, and Church & Dwight Co., Inc. (NYSE:CHD) plans to leverage its abilities to accelerate the growth of Touchland in certain international markets. Touchland’s founders are expected to remain, and they will run the business using Church & Dwight Co., Inc. (NYSE:CHD)’s scale and capabilities.

Church & Dwight Co., Inc. (NYSE:CHD) is engaged in developing, manufacturing, and marketing household, personal care, and specialty products.

While we acknowledge the potential of CHD to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk.  If you are looking for an AI stock that is more promising than CHD and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now

Disclosure: None.

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At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

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