Hillenbrand price target lowered to $24 from $33 at DA Davidson

DA Davidson lowered the firm’s price target on Hillenbrand (HI) to $24 from $33 and keeps a Neutral rating on the shares after its Q2 results and guidance cut. The firm is reducing its estimates again on Hillenbrand, reflecting expected unmitigated tariff impacts and broadly weaker order bookings across most of its businesses beginning in March and continuing beyond Liberation Day, the analyst tells investors in a research note. Balance sheet deleveraging remains a key focus, although excess cash after dividends will prove nearly elusive in FY25, the firm adds.