JPMorgan initiated coverage of Helios Technologies (HLIO) with an Overweight rating and $80 price target The firm is positive on the company’s by disciplined capital allocation, robust organic growth in Hydraulics and Electronics, and a revitalized culture under CEO Sean Bagan. JPMorgan’s recent on-site visit confirmed management’s operational focus and cultural transformation, which the firm believes is in the fourth inning, the analyst tells investors in a research note.
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