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Technology Stocks : Energizer (ENR)

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From: Lynn5/21/2018 2:54:30 PM
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BUZZ-Energizer Holdings jumps as Jefferies bets on the bunny10:20 AM ET, 05/21/2018 - Reuters
** Shares of Energizer Holdings Inc jumped >6 pct early Mon as Jefferies upgrades to "buy" from "hold," ups PT by ~23 pct to $70, a Street high

** Stock currently up 5.8 pct at $59.73, the top percentage gainer on the S&P 400 Consumer Staples index

** Lead analyst Kevin Grundy cites improving trends in the battery segment, sees cost-synergy upside from Spectrum Brands deal

** On March 29, ENR shares jumped 12.4 pct on news that FTC approved co's $2 bln purchase of SPB's battery and portable light business

** On May 2 ENR posted FY Q2 adj EPS of 45 cents vs 42 cents/sh consensus; co has beaten analyst estimates in all 8 most recent qtrs, per Thomson Reuters data

** Half of 8 analysts covering ENR rate co "buy" or stronger, other half say "hold"; median PT $63.50

** So far this year, ENR stock has jumped nearly 25 pct vs the >4 pct slide seen by the SPMDCS (Reporting by Stephen Culp)
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