Helios Technologies (HLIO) Upgraded by KeyBanc on New Strategy and Leadership Promise

Helios Technologies Inc. (NYSE:HLIO) is one of the best industrial machinery stocks to buy according to analysts. On June 26, KeyBanc raised Helios Technologies Inc. (NYSE:HLIO) from Sector Weight to Overweight, setting a $40 price target as the company’s new leadership and strategy are seen as promising.

Helios Technologies (HLIO) Upgraded by KeyBanc on New Strategy and Leadership Promise

The upgrade coincides with KeyBanc’s declaration that it is confident short-cycle markets have bottomed out, setting Helios up for an eventual market recovery with substantial margin leverage potential. The firm admits that in the near future, margin issues brought on by excess capacity will likely persist.

Sean Bagan, the newly appointed CEO at Helios Technologies Inc. (NYSE:HLIO), intrigued KeyBanc with his remarks about refining the company’s go-to-market strategy and putting in place a more thorough assessment of Helios’ operational footprint and portfolio.

Helios Technologies Inc. (NYSE:HLIO), together with its subsidiaries, develops and manufactures innovative products and solutions for a range of end markets, including hydraulic cartridge valves, quick-release couplings, and customized electronic control systems.

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Disclosure: None.