UPDATE: Morgan Stanley Reiterates Overweight Rating, Raises PT on Energizer Holdings on Remaining Stock Upside

In a report published Thursday, Morgan Stanley analyst Dara Mohsenian reiterated an Overweight rating on

, and raised the price target from $106.00 to $124.00. In the report, Morgan Stanley noted, “We believe ENR can trade at the high-end of our sum of parts range with potential strategic interest in personal care (and to a lesser extent household products), which still indicates solid 11% stock upside to our price target even after recent stock out-performance.” Energizer Holdings closed on Wednesday at $111.69.