Jefferies Downgrades Agiliti Inc (AGTI) to Hold

Jefferies analyst Brian Tanquilut downgraded Agiliti Inc (NYSE: AGTI) from Buy to Hold with a price target of $10.00 (from $10.50).

The analyst said: "Downgrading AGTI to Hold from Buy after its majority shareholder, THL Partners, agreed with the company, to purchase all its outstanding shares that THL doesn't currently own, for a cash consideration of $10/share (30% premium vs. 2/23/24 close). With THL owning 72% of outstanding shares, we believe it's unlikely for a superior competing bid to emerge. At the same time, we view THL's offer as a fair valuation of AGTI given its current earnings/growth outlooks."

For an analyst ratings summary and ratings history on Agiliti Inc click here. For more ratings news on Agiliti Inc click here.

Shares of Agiliti Inc closed at $9.86 yesterday.

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