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Edgewell Personal Care Gets a Boost From Bullish SunTrust Note

Personal care product maker Edgewell Personal Care was up 4.64% Monday to $29.31 after analysts at SunTrust raised the outlook on the stock to buy from hold while also raising its price target to $40 from $35. The price target represents a potential upside of 43% from the stock's previous closing price Friday of $28.05. SunTrust analyst William Chappell is bullish on the company's $1.4 billion acquisition of Harry's, despite the stock's 16% dip in the immediate aftermath of the acquisition, because the deal "immediately returns" the company to prominence in the U.S. wet shave category.