Energizer could be worth more than $125 following break-up, says SunTrust After Energizer announced its intent to separate its household products and personal care businesses into two publicly traded companies, SunTrust's sum-of-the parts analysis indicates that the stock is worth $125-$135. The firm believes that the two spun off companies could become takeover targets. It keeps a Buy rating on Energizer.
News For ENR From The Last 14 Days
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Energizer reaffirms FY14 adjusted EPS outlook $7.00-$7.25, consensus $7.08 Total company organic net sales are expected to decline in the low- to mid-single digits for FY14. Gross restructuring savings are expected to increase approximately $135M-$150M for FY14 versus the prior year; resulting in total estimated project to date savings of $235M-$250M.