KeyBanc Starts Halyard Health (HYH) at Sector Weight

KeyBanc initiated coverage on Halyard Health (NYSE: HYH) with a Sector Weight rating.

Analyst Matthew Mishan said, "HYH should eventually be a portfolio transformation story; however, it is currently transitioning to a standalone post its spin, and results from its existing business have been inconsistent. We believe shares are likely range-bound until: 1) investors gain some confidence in stabilization of S&IP and sustained low-to-mid single-digit organic growth in Medical Devices; 2) the level at which operating margin and EPS trough becomes clearer; and 3) it starts transforming its mix of business through acquisitions."

For an analyst ratings summary and ratings history on Halyard Health click here. For more ratings news on Halyard Health click here.

Shares of Halyard Health closed at $33.44 yesterday.

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