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Fly News Breaks for March 12, 2019
SNHY
Mar 12, 2019 | 08:00 EDT
As previously reported, KeyBanc analyst Jeffrey Hammond downgraded Helios Technologies to Sector Weight from Overweight saying that while encouraged by initial signs of earnings stabilization, he has concerns with the timing of capacity expansions, as well as the resiliency of the portfolio should markets turn. Further, based on his Cyclical Valuation Analysis, the analyst now believes Helios Technologies is appropriately valued relative to its positioning in the cycle, and would await more definitive signs of normalizing incrementals, or a clearer view on near-term weakness in Europe and China, before becoming more constructive.
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