Canaccord lowered the firm’s price target on Helen of Troy (HELE) to $70 from $91 and keeps a Buy rating on the shares. The firm previewed its quarter and reduced its target on lowered estimates and valuation as they anticipate some tariff headwinds to impact near-term margins and topline. Overall, they believe the current valuation is very attractive as the company has reduced exposure to China and has been near-sourcing to Mexico and also moving production to Vietnam.
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