Shares of Edgewell Personal Care (EPC) plummeted 5.07% in pre-market trading on Thursday, following a series of price target cuts by major financial institutions. The stock's sharp decline comes as analysts adjust their expectations for the personal care products manufacturer.

Several prominent firms have lowered their price targets for Edgewell Personal Care: - Wells Fargo reduced its target from $35 to $32 - UBS decreased its target from $32 to $28, maintaining a neutral rating - RBC Capital Markets cut its target from $43 to $35, while keeping an outperform rating These downgrades suggest that analysts are becoming more cautious about Edgewell's near-term prospects, potentially due to challenges in the personal care industry or company-specific factors.

Despite the price target reductions, it's worth noting that analysts maintain a generally positive outlook on Edgewell Personal Care. According to FactSet, the company still holds an average rating of overweight, with a mean price target of $30.86. This indicates that while expectations have been tempered, there is still confidence in the company's longer-term potential. Investors will be closely watching Edgewell's upcoming performance to see if it can overcome the challenges implied by these analyst actions.