Helios Tech rises after KeyBanc upgrades to 'overweight' on market recovery

Helios Technologies

26/06/2025 13:09

** Shares of engineered motion control and electronic controls tech co Helios Technologies HLIO.N climbs 3% to $32 in premarket trade

** KeyBanc upgrades rating to 'overweight' from 'sector weight', PT unchanged at $40

** Brokerage says co's markets are starting to recover after a long slowdown; while 2025 sales are still expected to be weak, management is cautiously optimistic about the second half of the year

** However, brokerage says co is tackling profit issues caused by too much factory space and equipment; says co is thinking about selling off some parts and focusing on core business to counter this

** "We believe HLIO will have impressive leverage on volume improvement as capacity utilization improves in tandem with end-market demand" - KeyBanc

 ** All five brokerages rate the stock "buy" or higher; their median PT is $43 - data compiled by LSEG

** As of last close, stock had fallen 29.4% YTD

 (Reporting by Apratim Sarkar)

 ((Apratim.Sarkar@thomsonreuters.com))