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Fly News Breaks for January 16, 2019
HELE
Jan 16, 2019 | 09:21 EDT
DA Davidson analyst Linda Bolton Weiser kept her Buy rating and $155 price target on Helen of Troy, saying that her meetings with its CEO Julien Mininberg reflected the management's positive view about the company's future. The analyst cites his expectations for international growth, adding that while the strong prior-year comps should lead to declines in sales over the next 3 quarters, Mininberg is confident that Helen of Troy can grow organically in FY20. Weiser also sees the company's shares trading at a "very attractive" valuation of 13.4-times forward FY20 earnings, modeling a 18-times FY21 earnings multiple in her price target.
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