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Fly News Breaks for August 16, 2017
ENR
Aug 16, 2017 | 07:52 EDT
RBC Capital analyst Nik Modi added Energizer (ENR) to the firm's Focus List. The analyst thinks that investors have overreacted to the competitive risk posed by Amazon (AMZN). He says that Energizer's multiple has dropped by nearly 30% since it reported its Q2 results, even though it raised its full-year EPS guidance. Modi estimates that the stock reflects an EPS drop of over 10%. but he does not expect it to lower its EPS guidance.
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