Helen of Troy price target lowered to $23 from $26 at Canaccord

Canaccord lowered the firm’s price target on Helen of Troy (HELE) to $23 from $26 and keeps a Hold rating on the shares. The firm noted their Q2 earnings report suggested underlying challenges remain, including managing tariff pressures, weakening consumer sentiment, increased competition in the categories they competes in, retailers tightening inventory, and uncertainty around the company’s longer-term strategy due to a management change.