Canaccord believes the shares of Helen of Troy (HELE) are oversold due to tariff fears but they believe the company has been moving out of China manufacturing and near-shoring to Mexico and SE Asia including Vietnam which is currently being negotiated to reduce the tariff. Management also pulled inventory forward and stocked up ahead of expected China tariffs. Canaccord maintains its Buy rating and $92 price target on Helen of Troy shares.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HELE:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue