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UPDATE: BTIG Research Initiates Coverage On Energizer Holdings As Positive Factors Are Already Reflected In Valuation

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In a report published Wednesday, BTIG Research analyst April Scee initiated coverage on Energizer Holdings (NYSE: ENR) with a Neutral rating.

In the report, BTIG Research noted, “We believe in the value of the Split & potential for organic growth to accelerate, but margin potential limited post 380bp multiple expansion vs C13 average and due to peak margins, peer benchmarking, & reinvestment needs. No update to margin guidance or organic growth likely near-term as prep for & execution of the Split remains the focus next 12+ months. Too early to get involved, in our view. Initiate with Neutral.”

Energizer Holdings closed on Tuesday at $124.52.

Latest Ratings for ENR

DateFirmActionFromTo
Nov 2020Morgan StanleyMaintainsOverweight
Oct 2020Morgan StanleyMaintainsOverweight
Aug 2020Morgan StanleyMaintainsOverweight

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