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UPDATE: Oppenheimer Starts EnerSys (ENS) at Outperform

January 5, 2017 5:31 PM EST
Get Alerts ENS Hot Sheet
Price: $94.63 +0.49%

Rating Summary:
    8 Buy, 5 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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(Updated - January 6, 2017 7:41 AM EST)

Oppenheimer initiated coverage on EnerSys (NYSE: ENS) with an Outperform rating and a price target of $92.00.

Analyst Noah Kaye commented, "We are initiating coverage of EnerSys (ENS) with an Outperform rating and $92 price target. We view ENS as a differentiated provider of stored energy solutions for specific industrial applications. We see multiple levers for margin improvement higher than consensus estimates, as well as significant capital flexibility to expand the technology portfolio via M&A. We believe the company’s Investor Day in February could provide insight on these opportunities and act as a catalyst for the shares."

For an analyst ratings summary and ratings history on EnerSys click here. For more ratings news on EnerSys click here.

Shares of EnerSys closed at $80.24 yesterday.



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