Piper Jaffray Maintains Underweight on Kinetic Concepts

Piper Jaffray is out with its report today on Kinetic Concepts KCI, maintaining Underweight. In a note to clients, Piper Jaffray writes, "We view the potential LBO of KCI as an attractive way to take the company through a series of transformative adjustments over the next 3-5 years without the quarterly and sometimes short-term performance demands of public equity investors." Piper Jaffray maintains a $52 PT on KCI. At the time of posting, shares of KCI were trading pre-market at $66.40, up 0.30% from Wednesday's close.