Morgan Stanley Maintains Equal-Weight Rating for Steris: Here's What You Need To Know

Morgan Stanley has decided to maintain its Equal-Weight rating of Steris STE and raise its price target from $206.00 to $225.00.

Shares of Steris are trading down 0.96% over the last 24 hours, at $225.62 per share.

A move to $225.00 would account for a 0.27% decrease from the current share price.

About Steris

Steris is an Ireland-domiciled medical device company focused on sterilization services and infection prevention. The company is the global leader in contract sterilization services, ensuring the safe delivery of single-use and implantable medical equipment to hospitals around the world. Additionally, Steris sells sterilizers, washer-disinfectors, and other decontamination equipment and supplies for use by care provider facilities and in biopharma manufacturing sites. Domiciled in the United States before its 2015 inversion to Ireland, the firm continues to derive roughly 70% of revenue from its U.S. operations, 10% from the United Kingdom, and the remaining 20% from other international regions.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.