Energizer shares may fall - Barron's

NEW YORK Oct 11 (Reuters) - Shares of battery maker Energizer Holdings Inc (ENR.N) could be running out of steam amid a decline in demand for traditional batteries, business weekly Barron's reported in its Oct. 12 edition.

The company's shares have been on a tear -- doubling in less than a year -- and Barron's said the stock could fall by 30 percent as demand shifts for Energizer's batteries and shaving products.

Citing a report by research firm Off Wall Street, Barron's reported that alkaline battery sales could see declines of 15 percent a year for the next few years. Given that estimate, the research firm said Energizer put a value of about $43 on Energizer's shares, Barron's reported.

Energizer shares closed at $65.36 on the New York Stock Exchange on Friday.

(Reporting by Emily Chasan; Editing by Diane Craft)