Argus Downgrades Hologic to Hold
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 12 2026
0mins
Should l Buy BX?
Argus downgraded Hologic (HOLX) to Hold from Buy as the company had agreed in October to be acquired by funds managed by Blackstone (BX) and TPG (TPG) in a transaction valued at up to $79 per share, representing an enterprise value of up to $18.3B. The transaction is expected to close in early February, the analyst tells investors in a research note.
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Analyst Views on BX
Wall Street analysts forecast BX stock price to rise
12 Analyst Rating
5 Buy
7 Hold
0 Sell
Moderate Buy
Current: 109.960
Low
166.00
Averages
176.60
High
205.00
Current: 109.960
Low
166.00
Averages
176.60
High
205.00
About BX
Blackstone Inc. is an alternative asset manager. Its asset management includes global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries, and hedge funds. Its Real Estate segment comprises its management of opportunistic real estate funds, Core+ real estate funds, and real estate debt strategies. Its Private Equity segment includes its management of flagship Corporate Private Equity funds, sector and geographically focused Corporate Private Equity funds, core private equity funds, an investment platform, and others. Its Credit & Insurance segment consists of Blackstone Credit & Insurance, which is organized into three overarching strategies: private corporate credit, liquid corporate credit and infrastructure and asset-based credit. Its Multi-Asset Investing segment is organized into four investment platforms: Absolute Return, Multi-Strategy, Total Portfolio Management, and Public Real Assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Acquisition Agreement: Blackstone Energy Transition Partners has entered into a definitive agreement to acquire a majority stake in Advanced Cooling Technologies, aiming to enhance customer value by adding capacity and capabilities, with the transaction expected to close in the second quarter.
- Market Positioning: Advanced Cooling Technologies specializes in thermal management solutions for high-performance computing and data centers, leveraging innovative two-phase liquid cooling and heat pipe technologies to meet the increasing demands of power density and AI innovation, positioning the company for accelerated growth.
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Focus on Innovation: The acquisition aims to enhance the development and deployment of advanced cooling technologies in the energy sector.
See More
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- Broad Market Decline: The Dow Jones Industrial Average fell 1.1% to 47,190 for the second consecutive day, while the S&P 500 dropped 0.5% to 6,750 and the Nasdaq 100 slipped 0.3% to 24,890, reflecting a waning investor confidence in risk assets amid rising oil prices.
- Inflation Concerns Intensify: The 10-year Treasury yield rose to 4.22% despite February's CPI meeting expectations, suggesting heightened market anxiety over potential inflationary pressures in the coming months, which could influence monetary policy decisions.
- Private Credit Market Turmoil: Reports of JPMorgan Chase tightening lending to private credit funds and marking down loan values triggered a sharp selloff in alternative asset managers, highlighting increasing concerns over credit risk in the financial sector.
See More
Private Credit Crisis Stems from Poor Underwriting
- Underwriting Crisis: Christian Stracke of PIMCO highlights that the private credit crisis is rooted in poor underwriting practices, emphasizing overly optimistic assumptions about future growth that have led to declining loan quality, potentially triggering broader credit tightening.
- Lack of Market Transparency: Stracke notes the market's lack of transparency has eroded investor confidence, leading to assumptions of widespread fraud and poor underwriting, which could result in mid-single-digit default rates, adversely affecting investment returns.
- Major Banks Tightening Loans: JPMorgan Chase has marked down the value of certain private credit loans and is tightening lending to the sector, reflecting a reassessment of risk in the market that may exacerbate credit market tightening.
- Increased Redemption Pressures: With firms like Blackstone and BlackRock limiting redemptions, the private credit market is experiencing heightened redemption pressures, which could lead to liquidity crises and impact overall market stability.
See More
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- Acquisition Agreement: Blackstone Energy Transition Partners has entered into a definitive agreement to acquire a majority stake in Advanced Cooling Technologies, with the transaction expected to close in the second quarter, reflecting Blackstone's ongoing commitment to investments in energy transition.
- Management Team Retained: The executive team at Advanced Cooling Technologies will remain in place as significant shareholders, ensuring continuity in the company's technological leadership and market expansion, which enhances the stability and confidence in the investment.
- Surging Market Demand: With rising power intensity and AI innovation, Advanced Cooling Technologies' pioneering work in data center and high-performance chip cooling is expected to drive accelerated growth, and Blackstone expresses optimism about the company's strong growth potential.
- Technological Leadership: Mark Zhu, Managing Director at Blackstone, emphasized that Advanced Cooling Technologies' innovative capabilities in thermal management will support the expansion of its manufacturing capacity to meet record customer demand, further solidifying its market position.
See More
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- Acquisition Deal: Blackstone Energy Transition Partners has signed an agreement to acquire a majority stake in Advanced Cooling Technologies, with the transaction expected to close in the second quarter, marking a significant move in Blackstone's energy transition strategy.
- Investment Strategy: David Foley, Global Head of Blackstone Energy Transition Partners, emphasized that their investment strategy focuses on identifying businesses poised to benefit from long-term power demand growth, highlighting the importance of improving energy management efficiency.
- Company Background: Founded in 2003, Advanced Cooling Technologies specializes in thermal management and energy efficiency solutions for advanced computing, high power density, and mission-critical applications, aligning with market demands for high-performance products.
- Market Outlook: This acquisition not only strengthens Blackstone's investment portfolio in the energy transition sector but also has the potential to enhance Advanced Cooling Technologies' competitiveness in high-growth markets, addressing the increasing demand for power and energy management solutions.
See More
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- Acquisition Agreement: Blackstone Energy Transition Partners has entered into a definitive agreement to acquire a majority stake in Advanced Cooling Technologies, aiming to enhance customer value by adding capacity and capabilities, with the transaction expected to close in the second quarter.
- Market Positioning: Advanced Cooling Technologies specializes in thermal management solutions for high-performance computing and data centers, leveraging innovative two-phase liquid cooling and heat pipe technologies to meet the increasing demands of power density and AI innovation, positioning the company for accelerated growth.
- Management Team Retention: Post-acquisition, ACT's executive team will remain in place as significant shareholders, ensuring the continuity of the company's core values while leveraging Blackstone's capital and resources to drive technological leadership.
- Investment Strategy: Blackstone's investment strategy focuses on supporting founder-led companies, aiming to provide more efficient energy management solutions in the context of global power demand growth, thereby promoting sustainable development.
See More
