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ENR - Energizer stock slips after ratings cut at Goldman Sachs
Energizer Holdings Inc.
Goldman Sachs drops Energizer (ENR) to a Neutral rating from Buy on concerns the demand tailwind will reverse beyond FY22. Additional commodity pressure and the company's costs to compete in the e-commerce channel are also cited as drags on profit. The firm assigns a price target of $46 to ENR. Shares of Energizer are down 1.37% premarket to $43.30. Citi cut Energizer to a Neutral rating earlier this month.