UPDATE: Morgan Stanley Upgrades Energizer Holdings on EPS Upside, Potential Multiple Expansion
In a report published Monday, Morgan Stanley analyst Dara Mohsenian upgraded the rating on Energizer Holdings (NYSE: ENR) from Equal-Weight to Overweight, and named a $117.00 price target.
In the report, Morgan Stanley noted, “We are Overweight ENR as we believe there is high visibility ENR can beat consensus EPS in FY14/15 given cost savings, EPS accretion from the JNJ feminine care acquisition, and potential share repurchases, which should lead to multiple expansion.”
Energizer Holdings closed on Friday at $101.58.
Latest Ratings for ENR
|Dec 2014||Bank of America||Maintains||Buy|
|Nov 2014||BTIG Research||Initiates Coverage on||Neutral|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.