Oppenheimer Reiterates Outperform on Presitge Brands (PBH), Shares Attractive

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Today Oppenheimer reiterated their Outperform rating on Presitge Brands (NYSE: PBH) and raised their price target to $18.00 (from $17.00).

Analyst Joseph Altobello said "Prestige Brands' fiscal 1Q results reflect continued progress on a number of fronts, including growing its core OTC business, integrating the recently acquired GSK brands and de-leveraging its balance sheet. In addition, we continue to view guidance as conservative and the shares attractively valued".

For an analyst ratings summary and ratings history on Presitge Brands click here. For more ratings news on Presitge Brands click here.

Shares of Presitge Brands closed at $16.28 yesterday, with a 52 week range of $8.15-$17.86.

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