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UPDATE: Morgan Stanley Upgrades Energizer Holdings on EPS Upside, Potential Multiple Expansion

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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

DateFirmActionFromTo
Aug 2016JefferiesMaintainsHold
Aug 2016SunTrust Robinson HumphreyMaintainsBuy
Aug 2016CitigroupMaintainsBuy

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Posted-In: Dara Mohsenian Morgan StanleyAnalyst Color Upgrades Analyst Ratings

 

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