Prestige Brands (PBH) Misses Q2 EPS by 14c

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Jefferies Downgrades Presitge Brands (PBH) to Underperform

November 7, 2014 7:12 AM EST

Jefferies downgraded Presitge Brands (NYSE: PBH) from Hold to Underperform with a price target of $30.00 (from $28.00).

Analyst Kevin Grundy comments, "With the shares at an all-time high, we are downgrading PBH to Underperform from Hold and see c. 20% downside over the next 12 months. The... More