Helios Technologies price target raised to $58 from $51 at Baird

Baird analyst Mircea Dobre raised the firm’s price target on Helios Technologies to $58 from $51 and keeps an Outperform rating on the shares following Q4 results and initial 2024 guidance that came in “mostly in line with consensus.” The timing of new large system sales is “uncertain and not imbedded in guidance,” but signs of stability in the core business was “a welcome relief,” the analyst tells investors.