JPMorgan has revised its price target for Church & Dwight (CHD, Financial) from $106 to $98, maintaining an Underweight rating for the stock. This update comes as part of a first-quarter preview focused on the beverage, household, and personal care products sector.
The firm notes that consumption rates are slowing, particularly in developed regions such as the United States and Western Europe. Although the upcoming Q1 earnings results may not be crucial on their own, JPMorgan anticipates that investors will begin to focus more on future guidance when selecting stocks.
While this sector tends to be more defensive compared to others amidst tariff challenges, JPMorgan highlights that some companies, including those with supply chains linked to China, might face specific headwinds.
