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