Agiliti downgraded to Neutral from Buy at UBS

UBS downgraded Agiliti to Neutral from Buy with a $10 price target after Agiliti announced on February 26 that it has entered into an agreement for Thomas H. Lee Partners, the company’s majority shareholder, to acquire all outstanding shares of common stock not currently owned for $10 per share in cash. As the majority shareholder of the company, the firm does not believe THL will encounter any challenges to closing the deal.