Edgewell Personal Care (EPC) Numbers Cut at Jefferies on Harry's Target Roll-Out (PG)

August 26, 2016 9:39 AM EDT
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Price: $75.55 -0.07%

Rating Summary:
    1 Buy, 6 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Jefferies analyst Kevin Grundy cut estimates and his price target on Edgewell Personal Care (NYSE: EPC) to $75 following Harry's national roll-out at Target. The firm maintained a Hold rating. He sees the roll-out as presenting risk for Procter & Gamble (NYSE: PG) as well.

Grundy commented, "We are trimming our Street-low EPS est./PT for EPC following Harry's national roll-out at Target, which presents risk to P&G, as well. It is also likely to be the first shoe to drop with further retail roll-outs and/or DSC (under ULVR) possibly to follow. Our store checks found effective merchandizing/packaging for Harry's and strong shelf space allotted. Lowering our EPS est. by 2% for EPC (PT to $75), while leaving our est./PT for P&G unchanged."

For an analyst ratings summary and ratings history on Edgewell Personal Care click here. For more ratings news on Edgewell Personal Care click here.

Shares of Edgewell Personal Care closed at $78.23 yesterday.

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