Prestige Consumer price target lowered to $100 from $105 at Canaccord

Canaccord lowered the firm’s price target on Prestige Consumer (PBH) to $100 from $105 and keeps a Buy rating on the shares. The firm noted thier Q1 results missed expectations despite management noting strong international segment growth year-over-year, improvement in gross margin, and solid FCF. However, this was offset by Clear Eyes supply constraints which resulted in lower-than-expected shipments.