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Fly News Breaks for August 22, 2019
ENR
Aug 22, 2019 | 06:17 EDT
UBS analyst Steven Strycula upgraded Energizer to Buy but also lowered his price target to $46 from $50. The analyst notes that the stock has lost 45% of its market cap as a result of the initial integration challenges and higher leverage, but contends that at 9.5-times expected forward EBITDA, he sees the "bear case" being priced in.
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