Energizer price target lowered to $30 from $40 at Truist

Truist lowered the firm’s price target on Energizer (ENR) to $30 from $40 and keeps a Buy rating on the shares. The firm is adjusting its model after the company’s Q2 earnings miss and its below-consensus guidance, the analyst tells investors in a research note. Longer term, Truist remains positive on the view that the battery category is returning to its historical role as a stable, consumer staple category that generates consistently high levels of free cash flow.