UBS analyst Peter Grom initiated coverage of Edgewell Personal Care with a Neutral rating and $47 price target, implying 10% upside. The analyst sees a path to the company’s fiscal 2023 guidance and long-term organic sales algorithm, driven by stronger category growth and sustainable share improvements. However, the firm believes the company’s inflection in sales growth is largely priced into the shares.
Published first on TheFly
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