Energizer price target raised to $24 from $22 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Energizer (ENR) to $24 from $22 and keeps an Equal Weight rating on the shares. Energizer posted a sizeable Q1 beat on topline upside limited by gross margin downside, but Q1 was aided by timing and acquisition contribution, which drove weaker than expected Q2 guidance and maintained FY26 guidance, the analyst tells investors.