KeyBanc Downgrades Sotera Health (SHC) to Sector Weight

September 26, 2022 4:20 AM EDT
Get Alerts SHC Hot Sheet
Price: $8.15 -1.21%

Rating Summary:
    3 Buy, 5 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 0 | Down: 5 | New: 0
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KeyBanc analyst Matthew Mishan downgraded Sotera Health (NASDAQ: SHC) from Overweight to Sector Weight.

The analyst comments "We are downgrading SHC to SW after additional diligence, as we believe the unfavorable verdict in its first personal injury lawsuit in Illinois makes it too difficult to put a reasonable range on an overall liability without it being just a guess. More specifically: 1) while there are some upcoming data points, the timeline toward resolution still seems extended; 2) the large award makes it difficult to estimate a potential liability and, if it exceeded a certain threshold how it would be funded; and 3) STE concerns appear more based on sentiment than fact."

For an analyst ratings summary and ratings history on Sotera Health click here. For more ratings news on Sotera Health click here.

Shares of Sotera Health closed at $7.34 yesterday.

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