Energizer Is Ready For A Return To Growth, ‘Stability,’ Says Bullish Analyst

Energizer Holdings Inc (NYSE:ENR) shares were climbing in early trading on Tuesday.

The company is poised to benefit from a “return to stability” in the battery category and the U.S. consumer was “healthy,” according to Truist Securities.

Analyst Bill Chappell upgraded the rating for Energizer Holdings from Hold to Buy, while raising the price target from $30 to $40.

The Energizer Holdings Thesis: The consumer battery category, which had been under pressure due to stiff competition and the proliferation of smartphones with rechargeable batteries, is poised to benefit from GDP growth and “strong visibility …

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