Piper Jaffray Maintains Neutral on Kinetic Concepts

Piper Jaffray is out with its report today on Kinetic Concepts (NYSE: KCI), maintaining Neutral.

In its report, Piper Jaffray writes, "KCI's 3Q11 results were in line with the preliminary results released on October 21, delivering upside across most of its businesses with the exception of TSS, which was roughly in line. We maintain our Neutral rating on KCI and expect stock performance to continue to track toward the prospective deal price of $68.50. The deal is expected to close in Q4."

Shares of KCI closed Friday at $68.20.