Prestige Consumer added to ‘Best-of-Breed Bison’ list at DA Davidson

DA Davidson added Prestige Consumer to the firm’s “Best-of-Breed Bison” list while keeping a Buy rating on the shares and raising its price target to $95 from $93. The “Best-of-Breed Bison list attempts to identify the highest quality companies with strong competitive positioning and exceptional financials”, and Prestige Consumer presently possesses 8 of the 12 criteria required to join this category, the analyst tells investors in a research note. The company has the highest EBITDA margin in its coverage 34.5%, the highest free cash flow margin at 22.5%, and a leverage ratio of 2.8-times, along with a predictable and recession-resistant free cash flow that should generate about $1B over the next four years while creating meaningful capital allocation optionality, the firm added.