DA Davidson analyst Linda Bolton Weiser raised the firm’s price target on Helen of Troy to $138 from $126 and keeps a Buy rating on the shares. The analyst cites the company’s Q3 earnings beat and guidance raise while noting that Helen of Troy is expected to grow its organic sales and profits in FY24 thanks to inventory reduction proceeding faster than anticipated.
Published first on TheFly
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Read More on HELE:
- Helen of Troy updates Project Pegasus, to reduce global workforce 10%
- Helen of Troy revises FY23 adjusted EPS view to $9.20-$9.40 from $9.00-$9.40
- Helen of Troy reports Q3 adjusted EPS $2.75, consensus $2.61
- Helen of Troy price target raised to $130 from $120 at Canaccord
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