Baird raised the firm’s price target on Helios Technologies to $58 from $51 and keeps an Outperform rating on the shares. The firm said 4Q results and initial 2024 guidance mostly in line with consensus. Baird said the timing of new large system sales is uncertain and not imbedded in guidance, but signs of stability in the core business a welcome relief.
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Read More on HLIO:
- Helios Technologies sees FY24 adjusted EPS $2.35-$2.75, consensus $2.65
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