Agiliti downgraded to Hold from Buy at Jefferies

Jefferies downgraded Agiliti to Hold from Buy with a price target of $10, down from $10.50, after the company’s 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 per share. With THL owning 72% of outstanding shares, it is unlikely for a superior competing bid to emerge, the analyst tells investors in a research note.