Oppenheimer Maintains Perform Rating On Prestige Brands Holdings

According to Oppenheimer, Prestige Brands Holdings PBH held a management meeting. Oppenheimer said that its meeting with PBH senior management underscored its view that the company has made meaningful progress on a number of fronts and is no longer a broken story, with the numbers bearing this out. “Despite this, we maintain our Perform rating, as the stock has already performed well since PBH announced the Blacksmith acquisition last September, while increasingly difficult comparisons and rising headwinds should keep the stock range-bound until the next acquisition.” Prestige Brands Holdings closed yesterday at $12.49.