Goldman Sachs Recommends Buying McGraw-Hill (MHP)
Tweet Send to a FriendGet Alerts MHP Hot Sheet
Price: $55.93 +0.59%
Rating Summary:
7 Buy, 3 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
7 Buy, 3 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade MHP Now!
Goldman Sachs reiterated their Buy rating on McGraw-Hill (NYSE: MHP) and is telling clients to buy the stock for Q3 catalysts.
The firm notes recent headlines support their view that the company is focused on value creation with further potential catalyst in the form of external shareholder approaches and new leadership.
Some items for shareholders to note include: 1. WSJ reported MHP has hired an outside advisory firm to review strategic alternatives for the company’s education segment; 2. activist shareholder pointed out that MHP trades a wide gap to pure-play peers; 3. MHP hired Douglas Peterson, the former CEO of Citibank Japan, to replace Deven Sharma as the head of S&P.
In addition, Goldman pointed out that Bloomberg recently reported that rival rating agency Fitch settled a suit with CalPERS with no financial penalty. McGraw-Hill and Moody's (NYSE: MCO) are defendants in the same case.
Goldman sees 20% upside to their $50 price target.
For more ratings news on McGraw-Hill click here and for the rating history of McGraw-Hill click here.
Shares of McGraw-Hill closed at $42.11 yesterday, with a 52 week range of $27.46-$45.47.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
The firm notes recent headlines support their view that the company is focused on value creation with further potential catalyst in the form of external shareholder approaches and new leadership.
Some items for shareholders to note include: 1. WSJ reported MHP has hired an outside advisory firm to review strategic alternatives for the company’s education segment; 2. activist shareholder pointed out that MHP trades a wide gap to pure-play peers; 3. MHP hired Douglas Peterson, the former CEO of Citibank Japan, to replace Deven Sharma as the head of S&P.
In addition, Goldman pointed out that Bloomberg recently reported that rival rating agency Fitch settled a suit with CalPERS with no financial penalty. McGraw-Hill and Moody's (NYSE: MCO) are defendants in the same case.
Goldman sees 20% upside to their $50 price target.
For more ratings news on McGraw-Hill click here and for the rating history of McGraw-Hill click here.
Shares of McGraw-Hill closed at $42.11 yesterday, with a 52 week range of $27.46-$45.47.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Morgan Stanley Says Tesla (TSLA) 'Top Pick in U.S. Autos'
- Deutsche Bank Raises PT on Access Midstream Partners (ACMP) to $57
- Supernus (SUPN) PT Trimmed at Jefferies, But Survey Shows Significant Market Opportunity
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Goldman Sachs, Standard & Poor's, CalPERS
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
