Helios Technologies price target raised to $61 from $55 at Stifel

Stifel analyst Nathan Jones raised the firm’s price target on Helios Technologies to $61 from $55 and keeps a Buy rating on the shares after having hosted investors for meetings with management at Helios’ headquarters in Sarasota last week. While stating that the stock is a “show me” story after recent guidance cuts, operational missteps, and large contract delays, the firm adds that “if management delivers just half of what it expects, the stock will generate high returns for shareholders.”