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UPDATE: Bank of America Initiates Coverage on MRC Global

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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

DateFirmActionFromTo
Nov 2016Cowen & Co.UpgradesMarket PerformOutperform
Sep 2016Cowen & Co.Initiates Coverage onMarket Perform
Aug 2016Maxim GroupUpgradesHoldBuy

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Posted-In: Bank of AmericaAnalyst Color Initiation Analyst Ratings

 

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