Hillenbrand price target lowered to $40 from $45 at KeyBanc

KeyBanc analyst Jeffrey Hammond lowered the firm’s price target on Hillenbrand (HI) to $40 from $45 and keeps an Overweight rating on the shares following the company’s Q4 earnings release. In short, Hillenbrand posted a better than feared Q4 and FY25 guidance supported by strong cost control and a more resilient top line. While FY25 will likely be a transition year, KeyBanc sees shares outperforming long-term as its healthy pipeline begins to convert to orders in a more certain environment.