UPDATE: Piper Jaffray Raises PT on Hill-Rom Holdings to $52

Piper Jaffray is out with its report today on Hill-Rom Holdings HRC, raising its PT from $51 to $52. In a note to clients, Piper Jaffray writes, "Hill-Rom's LRP lays out a 5-year flight path for top-line growth and margin expansion right in line with our expectations, while also leaving room for management to potentially arrive ahead of schedule. The analyst meeting also provided an opportunity to introduce the company's broad and experienced management team to investors, and to walk through the opportunities and drivers across Hill-Rom's major business lines. We expect continued near-term outperformance against margin expectations, the LRP allows for upside driven by potential strategic investments, not contemplated in the base plan. We maintain our Overweight rating, raising our target slightly from $51 to $52." Shares of HRC closed Tuesday at $44.83, down 0.84% from Monday's close.