logo
Plus   Neg
Share
Email

Church & Dwight Posting Notable Loss On Downgrade By Deutsche Bank

Shares of Church & Dwight Co., Inc., (CHD) have climbed off their worst levels of the day but continue to see considerable weakness in afternoon trading on Wednesday. After hitting its lowest intraday level in a month, Church & Dwight is currently down by 5 percent.

Church & Dwight initially came under pressure after Deutsche Bank downgraded its rating on the consumer product company's stock to Sell from Hold.

Deutsche Bank also downgraded Kimberly-Clark Corp. (KMB) and Clorox Co. (CLX) to Sell from Hold, warning the companies will face increased challenges related to currency fluctuations, emerging market issues, and competitive pressures.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Google announced a new $600 million investment for the expansion of Mayes County data center. The tech giant had started the data center in 2007 and expanded three times already. The new investment will add 100 jobs to Pryor community, Google CEO Sundar Pichai said during the announcement. In... King Arthur Flour, Inc. voluntarily recalled certain lots of 5 lb. Unbleached All-Purpose Flour due to the potential presence of Escherichia coli bacteria (E. coli), The U.S. Food and Drug Administration (FDA) stated. The company announced it is recalling 14,218 cases of the potentially affected lots that were distributed through retailers and distributors nationwide. Burger King has launched a new Upside Down Whopper in celebration of the third season of Netflix series "Stranger Things." The hamburger chain, in partnership with Netflix, announced it will start selling an Upside Down Whopper sandwich, which is just a regular Whopper served upside down, from June...
Follow RTT