Stifel upgrades Helios Technologies to buy

Helios Technologies

22/03/2022 11:27

** Stifel upgrades vehicle power controls maker  HLIO.N  to
"buy" from "hold" on entering new markets and leveraging
technology from acquisitions
    ** Says co is still in early process of leveraging these
technologies as internal transformation to operate in new
markets takes time
    ** Adds co is just "scratching the surface" of the potential
that bringing these businesses together create
    ** "We expect Helios to continue to adding to the expense
structure to support growth" - Stifel
    ** Brokerage also raised PT to $95 from $85
    ** Three of four brokerages rate the stock "buy" or higher,
and one "hold"; their median PT is $95 - Refinitiv
    ** Shares were down ~27% this year, as of last close

 (Reporting by Subhadeep Chakravarty in Bengaluru)
 ((subhadeep.chakravarty@thomsonreuters.com))