Goldman Sachs Upgrades Hill-Rom Holdings (HRC) to Conviction Buy; Attractive LBO
Get Alerts HRC Hot Sheet
Price: $155.96 --0%
Rating Summary:
4 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 10 | New: 11
Rating Summary:
4 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 10 | New: 11
Join SI Premium – FREE
Goldman Sachs added Hill-Rom Holdings (NYSE: HRC) to its Conviction Buy List and raised its price target from $40 to $41, suggesting 24% upside.
The firm believes the hospital bed cycle has bottomed and they see potential for a 2HFY13 and FY14 inflection. This view is supported by strong 1QFY13 results, they note. Goldman also see cash flow growth supporting higher levels of share repurchases.
Also, while the firm doesn't see a high likelihood of an LBO, an analysis "demonstrates HRC's potential attractiveness for financial buyers on an IRR basis."
For an analyst ratings summary and ratings history on Hill-Rom Holdings click here. For more ratings news on Hill-Rom Holdings click here.
Shares of Hill-Rom Holdings closed at $33.15 yesterday.
The firm believes the hospital bed cycle has bottomed and they see potential for a 2HFY13 and FY14 inflection. This view is supported by strong 1QFY13 results, they note. Goldman also see cash flow growth supporting higher levels of share repurchases.
Also, while the firm doesn't see a high likelihood of an LBO, an analysis "demonstrates HRC's potential attractiveness for financial buyers on an IRR basis."
For an analyst ratings summary and ratings history on Hill-Rom Holdings click here. For more ratings news on Hill-Rom Holdings click here.
Shares of Hill-Rom Holdings closed at $33.15 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BofA Securities Upgrades Estee Lauder (EL) to Buy; 'Earnings have bottomed'
- HSBC Upgrades Scor SE (SCR:FP) (SCRYY) to Buy, 'cheapest way to play the positive dynamics in reinsurance'
- Recruit Holdings Co., Ltd (6098:JP) (RCRUY) PT Raised to JPY7,800 at Jefferies, 'emerged stronger since the last earnings season'
Create E-mail Alert Related Categories
Analyst PT Change, Rumors, UpgradesRelated Entities
Goldman Sachs Conviction Buy List, Goldman SachsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!