UPDATE: J.P. Morgan Raises PT on Energizer Holdings to $95

J.P. Morgan is out with its report today on Energizer Holdings ENR, raising its PT from $84 to $95. In its report, J.P. Morgan writes, "We rate ENR OW. Valuation should continue to improve for ENR due to stronger top line results and margin expansion. We are establishing a year end 2012 price target of $95, which is 13.7x our FY13 EPS estimate of $6.92." Shares of ENR closed Wednesday at $81.65.