From Yahoo Finance: 2025-05-29 13:32:00

Jefferies initiated coverage of Steris PLC (NYSE:STE) with a ‘Hold’ rating and a $263 price target, citing risks of over 14 million Medicaid and Health Insurance individuals losing coverage. They expect revenue to grow by 8% in 2026, but caution a more modest 3% growth in 2027. Despite a solid fourth-quarter fiscal 2025 performance, the firm sees limited upside potential for STERIS stock at its current level due to healthcare policy uncertainties and economic risks.

STERIS plc provides infection prevention solutions worldwide through Healthcare, Applied Sterilization Technologies (AST), and Life Sciences segments. It offers cleaning products, sterilizers, surgical equipment, and maintenance services for healthcare providers, along with contract sterilization and testing for medical device and pharmaceutical companies. The Life Sciences segment supplies disinfectants, sterilants, and decontamination systems to hospitals and pharmaceutical manufacturers.

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Read more: Jefferies Initiates Coverage of Steris (STE) with ‘Hold’ Rating and $263 Price Target