Helios Technologies price target lowered to $51 from $63 at Baird

Baird lowered the firm’s price target on Helios Technologies to $51 from $63 and keeps an Outperform rating on the shares following a “disappointing quarter” and “another guidance cut.” With “long-awaited large OEM system wins getting pushed out,” the firm expects the stock to “languish until tangible progress on new business wins is more evident,” the analyst tells investors.