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Fly News Breaks for November 19, 2018
SPB, ENR
Nov 19, 2018 | 08:54 EDT
Jefferies analyst Kevin Grundy lowered his price target for Energizer (ENR) to $68 while keeping a Buy rating on the shares. While the risk/reward is favorable at current share levels, investor patience is likely required, Grundy tells investors in a post-earnings research note. The analyst his 2019-2021 to reflect Energizer's Q3 results, update on the Spectrum Brands (SPB) battery deal, and announcement that it will acquire Spectrum's global autocare business.
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