J.P. Morgan raises PT for Energizer on strong product demand

Energizer Holdings

10/05/2022 12:17

** J.P. Morgan raises PT for battery maker Energizer
Holdings Inc  ENR.N , citing expectations for hihger demand from
products in the qtr 
    ** "We think that even as ENR laps the pandemic tailwinds
for at-home and auto care consumption, the company will still
grow sales above 2019 levels due to distribution gains,
international expansion and innovation/premiumization efforts."
- Brokerage 
    ** Raises PT by $3 top $37, adds that co remains on track to
see sequential margin improvement in F2H 
    ** Six of 12 brokerages rate the stock "buy", 6 "hold";
their median PT is $38 - Refinitiv data
    ** YTD, ENR down 16.41%

 (Reporting by Nathan Gomes in Bengaluru)
 ((Nathan.Gomes@thomsonreuters.com;))