CL King analyst Thomas Hayes lowered the firm’s price target on EnerSys to $112 from $128 and keeps a Buy rating on the shares. EnerSysremains exceedingly well-positioned to benefit from the growing issue centered around electrical reliability despite widespread industry slowing, which negatively impacted revenue contribution from its communications networks customers, the analyst tells investors in a research note.
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Read More on ENS:
- EnerSys price target lowered to $110 from $112 at Oppenheimer
- EnerSys sees Q3 adjusted EPS $1.80-$1.90, consensus $1.92
- EnerSys reports Q2 adjusted EPS $1.84, consensus $1.81
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- William Blair downgrades EnerSys to Market Perform on ‘several headwinds’
