EnerSys (ENS) PT Lowered to $92 at Oppenheimer Following 4Q
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Price: $185.46 -2.89%
Rating Summary:
11 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 3
Rating Summary:
11 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 3
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Oppenheimer lowered its price target on EnerSys (NYSE: ENS) to $92.00 (from $95.00) while maintaining a Outperform rating. As pre-announced on May 4th, ENS reported F4Q17 nonGAAP EPS of $1.28 on sales of $627M.
Shares fell 11% yesterday as ENS lowered 1Q18 EPS guidance to $1.12 at midpoint (from prior $1.23). Management ascribed the headwind to delayed implementation of price recovery on inflation in lead/other commodities.
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