Energizer price target raised to $35 from $30 at Truist

Truist analyst Bill Chappell raised the firm’s price target on Energizer (ENR) to $35 from $30 and keeps a Buy rating on the shares after its Q3 earnings beat. The consumer remains healthy, as indicated by recent retailer commentary, and the battery category is returning to its historical role as a stable, consumer staple category that generates consistently high levels of free cash flow, the analyst tells investors in a research note.