Helen Of Troy (HELE) stock surged 5.81% in intraday trading on Friday, outperforming the broader market. This strong move higher was likely driven by positive analyst sentiment around the consumer products company.
According to a recent analyst report from UBS, HELE shares carry an "overweight" rating from analysts polled by FactSet. Additionally, the analysts have a mean price target of $85.75 on the stock, representing significant upside from current levels around $61.
The bullish views from Wall Street appear to be providing a catalyst for HELE shares today. Investors are likely betting that the company's fundamentals and growth prospects justify the higher target set by analysts.
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