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Fly News Breaks for July 3, 2018
PBH
Jul 3, 2018 | 09:41 EDT
William Blair analyst Jon Andersen views Prestige Brands' sale of its household cleaning segment for $69M in cash as a positive development. The transaction enables Prestige to solely focus on over-the-counter healthcare, a market with better demand underpinnings and brands positioned for profitable growth over the long term, Andersen tells investors in a research note. He keeps an Overweight rating on the shares.
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