Jefferies analyst Kevin Grundy finds little merit in the views put forth in the recent Church & Dwight short report, which includes accusations of aggressive accounting, failed deals, and poor governance. The analyst sees the recent pullback in the shares as a buying opportunity. Following "upbeat" meetings with management, Grundy reiterates a Buy rating on Church & Dwight with an $86 price target. Despite "misplaced concerns" raised in a recent short report, Church & Dwight remains optimistic and "extremely comfortable" with its recent acquisitions, Grundy tells investors in a research note.