Morgan Stanley Sees End-Market Pressure On Hill-Rom
In a report published Tuesday, Morgan Stanley analyst David R. Lewis reiterated an Underweight rating and $36.00 price target on Hill-Rom Holdings (NYSE: HRC).
In the report, Morgan Stanley noted, “We are supportive of the deal, but remain underweight on end-market pressure. More diversity is needed, which will continually put valuation at risk, but the returns and channel leverage from the TRUMPF deal make us more positive than we were on Aspen.”
Hill-Rom closed on Monday at $40.09.
Latest Ratings for HRC
|Apr 2014||Northcoast Research||Downgrades||Buy||Neutral|
|Nov 2013||Morgan Stanley||Downgrades||Equalweight||Underweight|
|Oct 2013||Wells Fargo||Downgrades||Outperform||Market Perform|
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