Church & Dwight: Valuation Is No Longer Excessive (Upgrade)

Core Viewpoint - Shares of Church & Dwight Co., Inc. (CHD) have underperformed over the past year, losing approximately 20% of their value due to high multiples, concerns over tariff costs, and subdued consumer spending [1] Company Performance - The stock has been negatively impacted by a high valuation multiple, which has contributed to its decline [1] - Concerns regarding potential tariff costs have also weighed on investor sentiment [1] - A general trend of muted consumer spending has further exacerbated the company's stock performance [1]