ENS Should I Buy

BTIG analyst Gregory Lewis raised the firm's price target on EnerSys to $280 from $250 and keeps a Buy rating on the shares after the company issued long-term revenue growth guidance of 3%-5% market growth plus 1%-3% from target market initiatives as part of its Investor Day presentation. The management is leaning into secular tailwinds across energy storage, which should provide the company a multi-year revenue growth path with improving margins along the way, the analyst tells investors in a research note.