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UPDATE: Bank of America Initiates Coverage on MRC Global

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Why Is MRC Global (MRC) Up 4.2% Since the Last Earnings Report?

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

Sep 2017JP MorganMaintainsOverweight
Jun 2017Stifel NicolausInitiates Coverage OnBuy
May 2017KeyBancInitiates Coverage OnSector WeightSector Weight

View More Analyst Ratings for MRC
View the Latest Analyst Ratings

Posted-In: Bank of AmericaAnalyst Color Initiation Analyst Ratings


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