Just noticed Rothschild & Co upgraded Church & Dwight from Sell to Neutral back in February. Not exactly bullish, but a shift nonetheless. Analysts are looking at $103.48 as the target price, which is only about 2% upside from where it was trading at $101.45.

What's interesting is the institutional positioning. Around 1,560 funds hold CHD, though that's down 207 holders from the previous quarter. The put/call ratio sits at 0.64, which does lean bullish. Capital International Investors bumped up their stake pretty significantly - went from 9.5M to 11.3M shares, a 15% jump. JPMorgan Chase also increased their position by almost 20%, which is worth noting.

Revenue projections are looking softer though - down 4.32% to around 5.9 billion. Non-GAAP EPS forecast is 3.86. Some of the big index funds like Vanguard actually trimmed their allocations despite holding steady share counts, which is a mixed signal. Fundsmith increased their weighting by 5.55%, so there's some conviction there. Overall it reads like cautious optimism - Rothschild's upgrade isn't ringing any bells, but the institutional moves suggest people aren't running for the exits either.