Prestige Consumer price target lowered to $88 from $100 at Canaccord

Canaccord analyst Susan Anderson lowered the firm’s price target on Prestige Consumer (PBH) to $88 from $100 and keeps a Buy rating on the shares. The firm said they posted solid results and management noted that sales and earnings exceeded expectations due to Clear Eyes supply timing and the timing of certain retailer orders, though this will come out of 3Q now.