Church & Dwight Posting Notable Loss On Downgrade By Deutsche Bank

(RTTNews) - 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.