Market Overview

UPDATE: Jefferies Downgrades Metals USA Holdings to Hold Following Acquisition Offer

Related MUSA
Green Plains to Purchase Texas Ethanol Facility From Murphy USA, ~$93.8M
How To Get 30% Upside By Investing In Convenience Stores

Jefferies downgraded Metals USA Holdings (NYSE: MUSA) from Buy to Hold and raises the price target from $19.00 to $20.65.

Jefferies commented, "Yesterday, RS announced it has agreed to acquire MUSA for $20.65/sh. With a higher offer unlikely to emerge in our view, a near zero likelihood that RS will be unable to complete the deal and with MUSA shares now reflecting full value based on revised est., we cannot argue further upside for the shares and lower our rating to HOLD from BUY."

Metals USA Holdings closed at $20.65 on Wednesday.

Latest Ratings for MUSA

Oct 2015Wells FargoUpgradesMarket PerformOutperform
Sep 2015JP MorganUpgradesNeutralOverweight
Jun 2015Wells FargoInitiates Coverage onMarket Perform

View More Analyst Ratings for MUSA
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Downgrades Analyst Ratings


Related Articles (MUSA)

View Comments and Join the Discussion!

Get Benzinga's Newsletters