Keybanc Maintains Overweight on Helios Technologies, Lowers Price Target to $58
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Jeffrey Hammond maintains an Overweight rating on Helios Technologies (NYSE:HLIO) but lowers the price target from $70 to $58.

November 03, 2023 | 11:14 am
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NEGATIVE IMPACT
Helios Technologies' price target has been lowered from $70 to $58 by Keybanc, though the Overweight rating is maintained.
The lowering of the price target by Keybanc indicates a potential decrease in the stock's value. However, the maintained Overweight rating suggests that the stock is still expected to outperform. The impact is likely to be negative in the short term as the market adjusts to the new price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100