Canaccord lowered the firm’s price target on Helen of Troy (HELE) to $22 from $23 and keeps a Hold rating on the shares. The firm said they reported Q3 results with additional sequential improvement and sales beating guidance and adjusted EPS in-line. The company grew sales in many key brands including OXO, Osprey, and Olive & June. However, the overarching theme of challenges remain, pressuring sales in other parts of the portfolio and significantly impacting profitability.
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