KeyBanc raised the firm’s price target on Helios Technologies (HLIO) to $45 from $40 and keeps an Overweight rating on the shares. Following Q2 earnings release, the firm is encouraged by the greater signs of stabilization in many of the company’s key end markets paired with the first evidence of management’s more rigorous approach to evaluating the portfolio/footprint. As such, KeyBanc walked away with incremental conviction in its long-term thesis and views current levels as an attractive entry point into an early-stage self-help story.
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