Piper Jaffray upgraded Helen of Troy (NASDAQ: HELE) from Neutral to Overweight with a price target of $100.00 (from $71.00) following strong Q4 results with series of catalysts.

Analyst Stephanie Wissink commented, "We are upgrading to Overweight, having paused our thesis a couple of months ago to provide the company the opportunity to cast its view for 2016. Following a strong Q4 period, 2016 guidance was right in line, including a drag from FX and difficult compares, which implies attractive underlying momentum. The internals of the model continue to improve - on core sales improvement in the +LSD, profit growth was double digits. This, coupled with an expanding cost realignment program, expense efficiencies, and a strong bias to acquire higher margin consumable businesses, supports a higher trading multiple. HELE is a stock that should continue to be owned as part of a core durable goods portfolio. We adjust our multiple to 16x on our FY17 EPS, yielding a $100 PT."

The firm raised FY 2016 EPS from $5.55 to $5.80 and FY 2017 EPS from $5.92 to $6.24.

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Shares of Helen of Troy closed at $79.85 yesterday.