UPDATE: Jefferies Upgrades Presitge Brands (PBH) to Buy, Updates Thesis

(updating comment)

Jefferies analyst Stephanie Wissink upgraded Presitge Brands (NYSE: PBH) from Hold to Buy with a price target of $43.00.

The analyst comments "We are raising NT estimates and upgrading to Buy in tandem with our OTC healthcare survey and checks/data pointing to accel. in retail takeaway. This NT boost to sales at favorable incremental margins should generate expanded cash flow to delever more quickly - key to equity value appreciation. Post Covid-19, PL gains may be more sticky than prev. contemplated so as we stretch our model into FY22, we lower our PT mult. to account for potential risk."

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 $30.74 yesterday.

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