UPDATE: Bank of America Initiates Coverage on MRC Global
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
|Nov 2016||Cowen & Co.||Upgrades||Market Perform||Outperform|
|Sep 2016||Cowen & Co.||Initiates Coverage on||Market Perform|
|Aug 2016||Maxim Group||Upgrades||Hold||Buy|
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