JPMorgan Raises Helios Technologies Price Target to $110.00

Helios Technologies (NYSE:HLIO) has had its price target raised to $110.00 by JPMorgan Chase & Co., according to a research note issued on Wednesday.

The brokerage firm currently has an 'overweight' rating on the stock, indicating a potential upside of 39.05% from the company's previous close of $79.11.

This is not the only recent price target increase for Helios Technologies; Stifel Nicolaus upped its target to $93.00 and Robert W. Baird raised its target to $85.00 in separate research notes.

Helios Technologies reported earnings per share of $0.88 for the quarter, beating the consensus estimate of $0.80, with revenue of $231.90 million, a 9.1% increase from last year's same period.