DA Davidson analyst Matt Summerville lowered the firm’s price target on Hillenbrand to $59 from $62 but keeps a Buy rating on the shares after its Q1 results. Demand within the company’s Molding Technology Solutions segment is expected to effectively remain ‘lower for longer’, absent any signs of material, go-forward inflection, the analyst tells investors in a research note. The firm adds however that the Advanced Process Solution segment demand remains sound and funnel activity is “quite healthy”.
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