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Fly News Breaks for November 16, 2015
ENR
Nov 16, 2015 | 08:06 EDT
After Energizer reported weaker than expected results and its full-year EPS guidance missed by a wide margin, RBC Capital blames the guidance miss partly on inaccurate estimates due to lack of historical data on the company as currently constituted, foreign exchange pressures, and the company's conservatism. RBC thinks that the company's underlying fundamentals are improving. It keeps a $52 price target and Outperform rating.
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