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Fly News Breaks for July 19, 2017
ENR
Jul 19, 2017 | 06:50 EDT
KeyBanc analyst Jason Gere last night upgraded Energizer Holdings to Overweight from Sector Weight with a $55 price target. The risk/reward is attractive following the recent share selloff, Gere told investors in a research note. Despite concerns over Amazon.com (AMZN) private label competition, normalized U.S. battery trends and the CFO resignation, the analyst thinks Q3 results will show that Energizer's fundamentals "are not broken."
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