Orthogonal frequency division multiplexing (OFDM) waveforms offer strong advantages for integrated communication and radar systems. However, they exhibit inherent high-range sidelobes after matched filtering when standard communication constellation symbols are used for the coding of the carriers. Consequently, they require filtering at the receiver that can serve for sidelobe suppression in order to avoid target masking. However, unmasking is not the only concern; it is crucial to evaluate the filtering scheme both in terms of sidelobe suppression capability and in terms of output signal-to-noise ratio. This last criterion is essential when aiming at also detecting weaker reflections. In this paper the theoretical performance of the reiterated filtering technique based on linear minimum mean square error (LMMSE) is derived and compared to the matched filter. The unmasking capabilities are relevant, but also output power figures. Complex-valued filter output peaks are also evaluated and compared to the matched filter output peaks. Moreover, the performance of reiterated LMMSE is evaluated for OFDM communication-encoded radar waveforms.