RBC Capital lowered its price target on Edgewell Personal Care (NYSE: EPC) to $88.00 (from $105.00) while maintaining a Outperform rating following the company's 4Q earnings report. EPC disappointed on 4Q17 organic growth, EPS and guided FY18 EPS below consensus. Despite wet shave category challenges EPC encouragingly continues to gain wet shave share.

Management noted launching the next round of savings initiatives beyond 2018. Trade spending will also be a bigger savings opportunity for FY18 following analytics work completed in earlier years, though these savings will also likely be reinvested.