Credit Suisse Downgrades Multi Packaging Solutions (MPSX) to Underperform

November 10, 2016 7:58 AM EST
Get Alerts MPSX Hot Sheet
Price: $14.06 -0.5%

Rating Summary:
    2 Buy, 5 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Credit Suisse downgraded Multi Packaging Solutions (NYSE: MPSX) from Neutral to Underperform with a price target of $13.20 (from $15.30).

Analyst L. Kjellberg commented, "We downgrade MPSX to Underperform from Neutral. Our lowered rating reflects weak performance, lowered guidance, rising financial leverage and poor visibility. We lower our fiscal 2017, 2018 and EPS estimates by 4%, 3% and 3% to $0.67, $0.79 and $0.89, respectively and reduce our price target to $13.2 from $15.3."

For an analyst ratings summary and ratings history on Multi Packaging Solutions click here. For more ratings news on Multi Packaging Solutions click here.

Shares of Multi Packaging Solutions closed at $12.88 yesterday.

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