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Benzinga
Benzinga
Business
Akanksha Bakshi

Stifel Turns Bullish On Helios Technologies, Sees Notable Upside

Helios Stifel HLIO Nathan Jones Jeffrey Hammond Keybanc NYSE
  • Helios Technologies Inc (NYSE:HLIO) has been upgraded to Buy from Hold, and the price target raised to $95 (an upside of 16.7%) from $85 by Stifel analyst Nathan Jones.
  • The analyst's meeting with the management left him confident in long-term growth, margin expansion, and strategic capital deployment opportunities.
  • Jones mentions Helios has leveraged technology from acquisitions over the last few years. He regards Helios to outgrow its markets and counterparts over time meaningfully.
  • Recently, KeyBanc analyst Jeffrey Hammond had upgraded HLIO to Overweight from Sector Weight with a price target of $90 (an upside of 10.6%).
  • Price Action: HLIO shares are trading higher by 6.62% at $81.39 on the last check Tuesday.
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