Edgewell Personal Care, the Consumer Defensive sector company, was revisited by a Wall Street analyst today. Analyst Dara Mohsenian from Morgan Stanley upgraded the rating on the stock to a Hold and gave it a $23.00 price target.
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Dara Mohsenian has given his Hold rating due to a combination of factors impacting Edgewell Personal Care’s stock. The company has experienced a significant decline in stock value, particularly after missing forecasts in key financial metrics and adjusting its fiscal year guidance downward. This has led to the stock reaching an all-time low valuation, which Mohsenian sees as a potential bottom.
Despite the challenges, the current valuation is considered reasonable, especially after a substantial year-to-date stock drop. The company’s price-to-earnings multiple has decreased significantly since its separation in 2015, now aligning with low-growth consumer packaged goods peers. While future earnings growth may be pressured by tariffs, the compressed valuation makes the stock’s current multiple more justifiable, prompting the upgrade to a Hold rating.
In another report released on July 30, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $28.00 price target.