J.P. Morgan Raising Numbers On Energizer Holdings

According to J.P. Morgan, Energizer Holdings ENR is adjusting its FY11 and FY12 estimates to reflect confidence in top line growth and share repurchase for ENR. J.P. Morgan said that When ENR reports next Wednesday (4/27), it expects them to hit the revised estimate of $0.98, which is still ahead of Bloomberg consensus. “We rate ENR Overweight. ENR's stock is trading at 12.6x our NTM estimates, which is a slight discount to its historical 5 year-average. ENR is still one of the cheapest names in our group and we see upside potential as top line trends improve.” Energizer Holdings closed yesterday at $22.30.