CJS Securities downgraded Hillenbrand (HI) to Market Perform from Outperform with a $32 price target after the company agreed be acquired by an affiliate of Lone Star Funds in an all-cash transaction valued at $32.00 per share.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HI:
- Midday Fly By: Big banks beat again, Apple unveils M5
- Hillenbrand to Be Acquired by Lone Star Funds
- Hillenbrand jumps 19% to $31.49 after buyout offer from Lone Star
- Hillenbrand to be acquired by Lone Star for $32.00 per share, or ~$3.8B
- Hillenbrand Inc’s Earnings Call: Mixed Sentiments and Future Outlook