Helios Technologies price target raised to $80 from $70 at Baird

Baird analyst Mircea Dobre raised the firm’s price target on Helios Technologies to $80 from $70 and keeps an Outperform rating on the shares post the Q4 results. Balboa is stabilizing and the 2023 outlook is above consensus, the analyst tells investors in a research note. With 2023 expectation regarding Balboa reset, the shares can continue to move higher, says the firm, which remains a buyer of Helios.