Personal care product maker Edgewell Personal Care (EPC) - Get Report  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. 

Chappell believes that the stock is currently undervalued, especially considering what he sees as upside catalysts including a stabalizing legacy business in the third quarter and the potential divestitures of the company's infant and feminine care segments. 

Over the past 12 months, Edgewell shares have fallen 43%, while year to date the stock has declined 22%.