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UPDATE: Morgan Stanley Downgrades Energizer Holdings to Equal-Weight Following Outperformance

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Morgan Stanley downgraded Energizer Holdings (NYSE: ENR) from Overweight to Equal-weight.

Morgan Stanley said, "We are downgrading ENR to Equal-weight after stock outperformance (ENR is up 34% since August 14 vs. +7% for the S&P 500). In addition, while we expect Q1 EPS upside, we see FY13 topline risk. Long term, we also believe ENR will need to reinvest more of its cost savings than the market expects."

Energizer Holdings closed at $87.52 on Friday.

Latest Ratings for ENR

DateFirmActionFromTo
Jul 2015Goldman SachsInitiates Coverage onNeutral
Jun 2015Morgan StanleyDowngradesOverweightEqual-weight
May 2015RBC CapitalMaintainsOutperform

View More Analyst Ratings for ENR
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Downgrades Pre-Market Outlook Analyst Ratings

 

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