EnerSys price target raised to $208 from $164 at Roth Capital

Roth Capital raised the firm’s price target on EnerSys (ENS) to $208 from $164 and keeps a Buy rating on the shares. EnerSys remains one of the firm’s favorite ideas, the analyst tells investors in a research note. As a leading industrial energy storage solutions provider, EnerSys looks well-positioned and uniquely suited to meet complex and evolving power challenges, and Roth expects innovation around secular trends of electrification, automation, and digitization to drive growth, with mix-shift, scale, and operational improvements supporting ramping profitability, the firm adds.