From Financial Modeling Prep: 2024-11-20 08:48:00

JPMorgan analysts upgraded Energizer (NYSE:ENR) from Underweight to Neutral with a new price target of $39, up from $32, after the company’s Q4 beat. Revenue momentum is up due to volume growth and expanded shelf space, boosted by increased demand after recent storms. Savings from Project Momentum are now being reinvested in advertising and promotions.

The upgrade follows discussions with Energizer’s leadership, including CEO Mark LaVigne and CFO John Drabik. The company’s outlook is more stable, with a focus on supporting volume growth through increased investment in advertising and promotions. Energizer appears well-positioned for growth, leading to the revised Neutral rating.



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