Energizer price target lowered to $22 from $28 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Energizer (ENR) to $22 from $28 and keeps an Equal Weight rating on the shares. Macro pressure on the topline is likely to linger with the company’s semi-discretionary portfolio, says the analyst, who sees low visibility to an assumed ramp-up in EPS to double-digit growth following a Q4 miss and weaker than expected FY26 guidance.