Goldman Sachs Downgrades Energizer Holdings (ENR), Removes From Buy List
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Goldman Sachs downgrades Energizer Holdings Inc. (NYSE: ENR) from Buy to Neutral and cut its price target from $61 and removed the stock from their Conviction Buy List, citing disappointing gross margin recovery prospects.
The firm sees lower margins and a larger chance that cash flows will be used for acquisitions rather than buybacks.
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