UPDATE: Deutsche Bank Raises PT to $84 on Energizer; Multiple Catalysts

Deutsche Bank raises its price target from $80 to $84 on Buy-rated Energizer ENR as the company makes headway in personal care to offset battery share loss Deutsche Bank says, "Despite battery share and distribution losses, company is building out its personal care business globally behind strong Schick/Wilkinson shaving platform, with multiple likely to follow suit as business mix migrates from batteries to higher gross margin personal care brands and cash flow accelerates from stepped up working capital focus. With battery issues well understood, pricing sticking, dividend initiated and valuation compelling, we maintain Buy." ENR closed at $77.58 on Wednesday.