Analyst Kevin Grundy from Jefferies maintained a Hold rating for Energizer Holdings Inc (NYSE:ENR) with a raised price target of $50, marking a 1% increase from current levels. This comes after mixed third quarter results and the maintained of 2016 guidance. The analyst notes how execute has been strong with organic sales increase 1.3% YoY. Additionally, the “battery industry pricing remains rational, and ENR is appropriately focused on productivity to drive growth.” Grundy still believes that secular headwinds will “constrain topline growth, competitive issues with recently acquired HandStands remain worrisome, and valuation…looks reasonable.”
According to TipRanks, Grundy has a success rate of 68% with an average return of 7.6% per recommendation.