DA Davidson downgraded Helen of Troy to Neutral from Buy with a price target of $67, down from $139. The firm is not confident in second half of FY25 top-line improvement given the harder comps in prior year and also cites heightened competition and promotional activity while cutting its FY25 EPS estimate by 19%. The firm also cites a lack of clarity on how much brand investment will be needed due to inadequate levels in the past.
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