Market Overview

Credit Suisse Sees Markit Ltd. As Sailing Well Through Rough Waters

Share:
Related MRKT
Earnings Scheduled For May 13, 2015
Earnings Scheduled For February 11, 2015

In a report published Tuesday, Credit Suisse analyst Hamzah Mazari reiterated an Outperform rating and $30.00 price target on Markit Ltd. (NASDAQ: MRKT).

In the report, Credit Suisse noted, “MRKT's main barrier to entry is in credit and loan data, which the company developed through a ‘contributory model' (owned by 12 banks that provided full spectrum of loan pricing data) and built up through M&A. Another key advantage is that MRKT operates as an unbundled provider (‘no desktop strategy'), which allows the company to develop alliances with competitors.”

Markit Ltd. closed on Monday at $25.43.

Latest Ratings for MRKT

DateFirmActionFromTo
Jul 2015Evercore PartnersInitiates Coverage onBuy
Jan 2015CitigroupMaintainsNeutral
Nov 2014BarclaysMaintainsEqual-weight

View More Analyst Ratings for MRKT
View the Latest Analyst Ratings

Posted-In: Credit Suisse Hamzah MazariAnalyst Color Reiteration Analyst Ratings

 

Related Articles (MRKT)

Get Benzinga's Newsletters