DA Davidson analyst Matt Summerville raised the firm’s price target on Hillenbrand (HI) to $32 from $24 and keeps a Neutral rating on the shares after the company announced it entered into a definitive agreement to be acquired by Lone Star Funds in an all-cash transaction valuing the enterprise at about $3.8B or $32.00 per share.
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Read More on HI:
- Hillenbrand downgraded to Market Perform from Outperform at CJS Securities
- 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