Susan Anderson, an analyst from Canaccord Genuity, maintained the Buy rating on Edgewell Personal Care. The associated price target remains the same with $32.00.
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Susan Anderson’s rating is based on Edgewell Personal Care’s strong execution in its international business and its ability to manage near-term challenges effectively. Despite a weaker sun season impacting short-term sales, the company has demonstrated resilience by focusing on what they can control and maintaining their long-term financial goals. Management has outlined a strategy for achieving 2-3% topline growth and 6-7% earnings growth through productivity savings, with international markets expected to drive this growth.
The company’s international operations continue to perform well, with expectations of 4-5% growth this year, and its brands are leaders in their respective categories. Additionally, despite challenges in the sun care category, Edgewell has seen strong performance in tanning-related products, with Hawaiian Tropic gaining market share. The company is also effectively managing tariff exposure by reconfiguring sourcing and considering pricing actions. These factors collectively support the Buy rating given by Susan Anderson.
In another report released on August 7, Truist Financial also maintained a Buy rating on the stock with a $30.00 price target.