Helen of Troy price target raised to $130 from $120 at Canaccord

Canaccord analyst Susan Anderson raised the firm’s price target on Helen of Troy to $130 from $120 and keeps a Buy rating on the shares. The analyst previewed its Q3 results and expects an in-line report as the company worked through excess inventory in its more discretionary businesses such as beauty and outdoor, offset by solid results in more staple-like businesses such as home where its thermometers and humidifiers are levered to the cold and flu season which has been robust.