Truist raised the firm’s price target on Energizer (ENR) to $45 from $40 and keeps a Buy rating on the shares. The firm is updating its model after the company’s Q4 earnings beat while noting that it remains positive on the stock based on its belief that the consumer remains healthy, as indicated by recent retailer commentary, and that the battery category is returning to its historical role as a stable category that generates consistently high levels of free cash flow, the analyst tells investors in a research note.
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Read More on ENR:
- Energizer price target raised to $36 from $32 at Canaccord
- Energizer price target raised to $36 from $33 at Morgan Stanley
- Energizer downgraded to Equal Weight from Overweight at Barclays
- Energizer upgraded to Neutral from Underweight at JPMorgan
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