Analyst Sees Opportunity in Presitge Brands (PBH)

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On Thursday Presitge Brands (NYSE: PBH) reported Q3 EPS came of $0.37 compared to the consensus of $0.34. Revenue came in at $160 million and Presitge Brands boosted full year guidance.

Commenting on the results, Oppenheimer analyst Joseph Altobello said, "Though fiscal 2014 presents a number of puts and takes, we have increased confidence in the company's ability to manage these headwinds and still deliver solid results, while valuation remains attractive."

Oppenheimer today reiterated an Outperform rating on Presitge Brands and raises its price target to $27.00 (from $23.00).

For an analyst ratings summary and ratings history on Presitge Brands (NYSE: PBH) click here. For more ratings news on Presitge Brands click here.

Shares of Presitge Brands closed at $23.61 yesterday, with a 52 week range of $12.50-$24.65.

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