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