Canaccord has adjusted its outlook on Energizer Holdings Inc. (ENR, Financial), reducing the price target for its shares from $36 to $31. This revision comes as the firm maintains a Hold rating on the company's stock.
The adjustment is based on an updated financial model developed using insights gathered from Circana sales figures, Semrush search trends, and social media evaluations. These analyses encompass four companies within Canaccord's oversight.
This decision occurs in anticipation of Energizer's forthcoming first-quarter earnings report, prompting investors to pay close attention to the company's financial performance and market reception in the near term.
