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Fly News Breaks for January 16, 2018
HRC
Jan 16, 2018 | 08:16 EDT
Needham analyst Mike Matson raised his price target on Hill-Rom to $105 after the company's above-consensus pre-announced Q1 results due to the positive impact of U.S. tax reform. Matson also cites the management's view of revenue upside across the company's businesses as well as the stock price trading at a 22% discount relative to small / mid-cap value peers' median FY18 PE, keeping his Buy rating on Hill-Rom.
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