Shares of Helens International Holdings Company (HKG:09869) surged 10.06% on Monday, closing at HK$3.91, after Daiwa Securities upgraded the stock to a "Buy" rating from "Neutral" with a price target of HK$4.40.
The rally in Helens International's stock price was supported by analyst optimism, with other analysts polled by CapitalIQ also maintaining an average "Outperform" rating on the company. Price targets from various analysts range from HK$1.73 to HK$4.15, suggesting a potential upside for the stock.
The positive analyst sentiment reflects confidence in Helens International's growth prospects and business fundamentals. Investors have responded favorably to the bullish outlook, driving the stock higher on increased buying interest.
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