Prestige Brands (PBH) Tops Q2 EPS by 2c

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Jefferies Cuts Price Target on Prestige Brands (PBH) to $42 Following Soft 2Q

November 4, 2016 9:08 AM EDT

Jefferies maintained an Underperform rating on Presitge Brands (NYSE: PBH), and cut the price target to $42.00 (from $45.00), following the company's 2Q earnings report. 2Q topline missed Street estimates by 1%, with lower GM% offset by lower A&P and SG&A, driving a ~0.5%... More