BofA/Merrill analyst Olivia Tong upgraded Church & Dwight to Buy with a price target of $83, saying she expects the company's strong and consistent tends to continue in spite of the underperformance in its shares year-to-date. The analyst is positive on the company's position with "one of the best track records in Consumer Staples and margin tailwinds", but notes that its stock price has pulled back by about 9% since late August while the broader market rose. Tong adds that Church & Dwight offers a "brand-building acumen" in a niche portfolio along with an international opportunity that should help sustain its momentum.