- Church & Dwight (NYSE:CHD) is on watch after Morgan Stanley downgrades the stock to an Underweight rating after having it slotted at Equal Weight.
- The analyst team at Morgan Stanley calls CHD priced to perfection.
- "We have great respect for CHD's management and their historical track record, but the stock seems priced to perfection in an environment that is unfavorable to US centric home personal care names, with rising commodity costs, and lower volume post COVID."
- In general, household products stocks are running into a period of tricky comparables with the pantry-loading effect strong in the spring of 2020.
- Shares of Church & Dwight are down 1.65% premarket to $86.49.
- See JPMorgan's breakdown of which consumer stocks to hold and avoid into the great pantry-loading comparison period.
Church & Dwight drops after Morgan Stanley calls is priced to perfection
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Symbol | Last Price | % Chg |
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CHD | - | - |
Church & Dwight Co., Inc. |