Wells Fargo Starts Hill-Rom Holdings (HRC) at Outperform; Multiyear Growth Potential Still Appears Undervalued

June 1, 2011 7:17 AM EDT
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Price: $58.52 -0.09%

Rating Summary:
    7 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
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Wells Fargo initiates coverage on Hill-Rom Holdings (NYSE: HRC) with an Outperform. Valuation range $50-56.

Wells analyst says, "We view Hill-Rom as a uniquely positioned business whose current operating efficiency is improving but still suboptimal. As the company shows sales growth and margin progress in the quarters ahead, we expect its shares to gain ground...We believe the company can generate better-thanexpected long-term results, with the divergence from Street forecasts most appreciable by FY2013. Our FY2011-12 EPS estimates are $2.33 and $2.77, respectively."

For more ratings news on Hill-Rom Holdings click here and for the rating history of Hill-Rom Holdings click here.

Shares of Hill-Rom Holdings closed at $45.64 yesterday.

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