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Fly News Breaks for February 6, 2020
ENR
Feb 6, 2020 | 07:54 EDT
SunTrust analyst Bill Chappell raised his price target on Energizer to $60 and kept his Buy rating in spite of its below-consensus Q1 earnings, saying that with affirmed FY20 guidance, the miss should be considered "timing related". The analyst also cites the company disclosing its new distribution awards for batteries this year as well as noting that the expected impact of tariffs is less than the company anticipated during its earnings call.
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