In a report published Wednesday, BTIG Research analyst April Scee initiated coverage on Energizer Holdings 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.
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