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Fly News Breaks for September 26, 2016
PBH
Sep 26, 2016 | 08:28 EDT
After meeting with Prestige Brands' management, KeyBanc says that "weak category fundamentals" that hurt the company in Q1 have lessened. As a result ,the firm expects the company's organic sales to accelerate in Q2. It expects the company's organic growth to accelerate because the company divested three of its weaker brands, while "the high growth" DenTek unit it bought will be included in organic growth numbers. The firm is upbeat on the company's new CFO and keeps a $63 price target and Overweight rating on the stock.
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