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UPDATE: Bank of America Initiates Coverage on MRC Global

Related MRC
UPDATE: Bank Of America Reiterates On MRC Global On Lowered EPS Estimates
UPDATE: Bank Of America Upgrades MRC Global On Multiple Positive Factors

According to a research report published this morning, Bank of America has initiated MRC Global (NYSE: MRC) with a Buy rating and $27 PO.

Bank of America said in the report, "MRC is one of the largest distributors of PVF to the energy industry and one of only two offering one-stop solutions to the upstream, midstream and downstream sectors globally. In our view, strong end markets, int'l expansion and acquisitions offer upside to recurring revenue from maintenance, repair and operations (MRO) contracts."

MRC Global closed yesterday at $20.25.

Latest Ratings for MRC

DateFirmActionFromTo
Jul 2014Bank of AmericaUpgradesUnderperformNeutral
May 2014Global HunterUpgradesAccumulateBuy
Mar 2014Longbow ResearchUpgradesNeutralBuy

View More Analyst Ratings for MRC
View the Latest Analyst Ratings

Posted-In: Bank of AmericaAnalyst Color Initiation Analyst Ratings

 

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