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.
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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