Helios Technologies price target raised to $64 from $61 at KeyBanc

KeyBanc raised the firm’s price target on Helios Technologies (HLIO) to $64 from $61 and keeps an Overweight rating on the shares. Following the company’s Q3 earnings release, although facing easy compares on a multi-year basis, the firm walked away encouraged not only by the improved operating trends, but also the evidence of Helios’ improving execution. As such, KeyBanc sees shares re-rating higher as investors better appreciate the emerging self-help tailwinds as the company’s more rigorous view on its go-to-market approach and portfolio shows through, driving more consistent execution.