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Fly News Breaks for May 14, 2018
EPC
May 14, 2018 | 12:57 EDT
RBC Capital analyst Nik Modi notes that Bloomberg reported that Costco (COST) is now selling razors and blades under its Kirkland Signature store brand and, after catching up with his contacts, he has confirmed that Harry's is in fact the supplier. While some may be disappointed that Edgewell Personal Care (EPC) is not the supplier, the analyst points out this does not represent lost business as previous offerings were supplied by Pace/Dorco. Modi reiterates an Outperform rating and $68 price target on Edgewell Personal Care' shares.
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