
Shares of plastic parts and equipment maker Hillenbrand HI.N rise 12% to $26 in morning trade
Bloomberg News reports HI is exploring strategic options, including a potential sale, citing people familiar with the matter
Report says deliberations are ongoing and there’s no guarantee they will result in a sale
HI has a market value of about $1.65 billion, according to data compiled by LSEG
Median PT of 4 brokerages covering the stock is $35 - LSEG
Including session's move, stock down 16% YTD