Edgewell Personal Care price target lowered to $44 from $46 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Edgewell Personal Care to $44 from $46 and keeps a Neutral rating on the shares. The company’s Q1 results saw international strength compounded by greater productivity and pricing to drive meaningfully higher than expected gross margin, the analyst tells investors in a research note. The firm adds that the business is now on firmer footing, though its reduced price target reflects Edgewell’s higher net debt levels.