DA Davidson analyst Linda Bolton Weiser upgraded Helen of Troy to Buy from Neutral with a price target of $126, up from $115. The analyst believes that an "inflection point" for the stock has arrived as IRI data suggests a "possible beat" when the company reports earnings next month. Weiser adds that flu-driven categories have accelerated to double-digit point-of-sale growth, retailers are nearing the end of significant inventory reductions, and cost inflation is receding, noting that Helen of Troy’s FY23 guidance is "unlikely to be cut".
Published first on TheFly
