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UPDATE: J.P. Morgan Initiates Coverage on Quality Distribution

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According to a research report published this morning, J.P. Morgan has initiated Quality Distribution (NASDAQ: QLTY) with an Overweight rating and $17 PT.

In the report, J.P. Morgan commented, "We believe the combination of an asset-light business model with strong free cash flow, modest revenue growth and margin expansion in its chemicals and intermodal tank businesses, and expansion of its energy logistics footprint (including recently completed acquisitions) should support attractive EPS growth and upside for QLTY stock in '12. While QLTY faces risks such as the impact of low natural gas prices on its Marcellus activity, the diversity of potential drivers gives us confidence that QLTY can deliver solid EPS growth in '12 and '13."

Quality Distribution is currently trading at $12.09.

Latest Ratings for QLTY

Mar 2014JP MorganMaintainsNeutral
Dec 2013Bank of AmericaMaintainsBuy
Dec 2013Stifel NicolausDowngradesBuyHold

View More Analyst Ratings for QLTY
View the Latest Analyst Ratings

Posted-In: J.P. MorganAnalyst Color Initiation Analyst Ratings


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