Agiliti resumed with a Sector Weight at KeyBanc

KeyBanc analyst Brett Fishbin resumed coverage of Agiliti with a Sector Weight rating. The analyst resumed coverage of the medical technology sector with a constructive view on the space. Industry fundamentals appear broadly positive relative to the past few years, the analyst tells investors in a research note. The firm would maintain or increase MedTech exposure into 2024, believing “several limiting factors are now in the rearview,” including previous COVID resurgences and subsequent staffing and supply chain challenges. Additionally, it expects a return to more consistent mid-single-digit average growth trends, supported by a healthy backdrop for hospital activity and elective procedural trends exiting 2023.