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Fly News Breaks for December 18, 2017
PBH
Dec 18, 2017 | 07:13 EDT
DA Davidson analyst Linda Bolton Weiser keeps her Buy rating and $79 price target on Prestige Brands, saying a recent investor meeting gives her confidence that the company is executing on its long term strategy - investing for growth, reducing debt from its free cash flow, and engaging in value-creating M&A. Weiser lists the near-term catalysts for more upside are return to positive organic sales growth on recouped hurricane related losses and "readiness for an EPS-accretive deal".
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