KeyBanc raised the firm’s price target on Helios Technologies (HLIO) to $61 from $45 and keeps an Overweight rating on the shares after spending time with the company’s CEO Sean Bagan meeting with investors. The firm walked away encouraged by numerous self-help levers emerging within the company under the new CEO, while most of its end markets have found a bottom and are showing early signs of improvement. KeyBanc sees shares outperforming as these self-help initiatives show through, and industrial end markets more clearly recover.
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