Prestige Consumer price target raised to $104 from $95 at DA Davidson

DA Davidson raised the firm’s price target on Prestige Consumer (PBH) to $104 from $95 and keeps a Buy rating on the shares. The firm cites the company’s Q3 sales and earnings beats, with Summer’s Eve sales up from last year and Clear Eyes shipments up sequentially, the analyst tells investors in a research note. DA Davidson is also rolling forward its valuation model, raising the free cash flow growth rate to 3% from 1% in FY28-FY31, the firm added.