Energizer downgraded to Equal Weight from Overweight at Barclays

TipRanks

Thu, Nov 21, 2024, 4:20 AM 1 min read

Barclays analyst Lauren Lieberman downgraded Energizer (ENR) to Equal Weight from Overweight with a price target of $36, up from $34. While the company is “fundamentally on solid footing,” the shares appear fully valued, the analyst tells investors in a research note. The firm says Energizer posted a good fiscal Q4 and offered an above-consensus outlook for fiscal 2025 with continued margin expansion, debt pay down, and an anticipated return to organic sales growth. That said, the shares now “look well-valued, and we see limited upside from,” Barclays contends.