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Fly News Breaks for May 22, 2019
HELE
May 22, 2019 | 09:43 EDT
DA Davidson analyst Linda Bolton Weiser kept her Buy rating and $164 price target on Helen of Troy after its Analyst Day presentation yesterday in which the management raised its annual organic sales growth target by 0.5% to 2.5%-3.5%, and its EPS growth to over 8% from 7%. The analyst says the company has "evolved" into a "true operating" entity, proving its ability to effectively deploy capital and generate margin expansion amid double-digit investment spending increase. Weiser adds that Helen of Troy has an opportunity to create "even more" shareholder value on top of the returns it has already achieved.
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