Barrington Sees Sharp Upside In Helios Technologies

Helios Technologies Inc HLIO coverage has been initiated with an Outperform rating and a price target of $107 (an upside of 33%) by Barrington analyst Christopher Howe.
The analyst notes that the company's addressable niche market in hydraulics is ~$4 billion, and its addressable niche market in electronics is ~$2.4 billion.
Howe is optimistic about Helios' organic and inorganic execution and believes the company will gain share from its competition.
Also Read: Stifel Turns Bullish On Helios Technologies, Sees Notable Upside
Price Action: HLIO shares are trading higher by 3.04% at $80.41 on the last check Thursday.