- 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.
