Oppenheimer Holdings Reiterates Outperform Rating, $23 PT on Prestige Brands Holdings

In a report published Wednesday, Oppenheimer Holdings reiterated its Outperform rating and $23.00 price target on Prestige Brands Holdings

. Oppenheimer Holdings noted, “Our recent meeting with Prestige Brands' senior management reinforced our belief that the company continues to execute on its three-pronged growth strategy, which should drive double-digit EPS growth even without the benefit of acquisitions. We would continue to be buyers of the shares and reiterate both our Outperform rating and DCF-derived $23 target price.” Prestige Brands Holdings closed on Tuesday at $19.96.