Helios Technologies price target lowered to $55 from $79 at Stifel

Stifel lowered the firm’s price target on Helios Technologies to $55 from $79 and keeps a Buy rating on the shares. The firm doesn’t believe the investment thesis for Helios’ stock is “broken,” but confidence in the company is low at this point with multiple positive outcomes required to get the stock back on track following back to back quarters with large cuts to guidance, the analyst tells investors.