Jefferies maintained a Buy rating on Edgewell Personal Care (NYSE: EPC), and cut the price target to $100.00 (from $117.00), following the company's 4Q earnings report and 2016 guidance. EPC gave its initial FY16 outlook with its release. Underlying sales growth was guided up to low-single digits, while EBITDA is expected to be $440- $460M (3% below consensus at the midpoint). EPS was guided to $3.20-$3.40 (9% below consensus).

Analyst Kevin Grundy commented, "Following EPC's disappointing 4Q print and light initial FY16 guidance, we believe the risk-reward looks favorable for the stock with estimates now rebased and strategic considerations not reflected in valuation. Absent any news on the takeout front, industry data points will need to show improvement, and EPC will have to start to deliver against its guidance, in order to reverse the overtly negative sentiment toward the stock. Maintain Buy, PT to $100."

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 $73.07 yesterday.