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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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