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Telecom Woes Hit EnerSys Hard, Analyst Downgrades Stock

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Oppenheimer analyst Noah Kaye downgraded EnerSys (NYSE:ENS) to Perform from Outperform and removed the prior price target of $113.

The analyst re-rated the stock following the third-quarter FY24 revenue miss and below consensus fourth-quarter FY24 guidance. 

Yesterday, the company reported an adjusted EPS of $2.56, beating the street view of $2.38 and sales of $861.50 million, missing the consensus of …

Full story available on Benzinga.com

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