Helen of Troy price target lowered to $47 from $53 at Canaccord

Canaccord lowered the firm’s price target on Helen of Troy (HELE) to $47 from $53 and keeps a Buy rating on the shares. The firm lowered its target ahead of earnings on the anticipation of lower earnings as higher tariff products flow through the P&L in the near term. They also believe there is uncertainty around the company’s strategy as it recently underwent a CEO change.