UPDATE: Barclays Starts MRC Global (MRC) at Overweight; Classic Rollup Story with Stable Recurring Revenue Stream
Get Alerts MRC Hot Sheet
Price: $11.70 +0.52%
Rating Summary:
12 Buy, 12 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
Rating Summary:
12 Buy, 12 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
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(Updated - May 22, 2012 1:27 PM EDT)
Barclays initiates coverage on MRC Global (NYSE: MRC) with an Overweight. PT $29.00.
Analyst, James C. West, said, "As the leading distributor of pipes, valves and fittings to the energy industry, we believe MRC Global is well-positioned to achieve growth rates in excess of the broader distribution industry this upcycle."
West also thinks concerns investors will appreciate MRC for it's conservative approach to moving into N.America exposure (less impact of moving from gas-to-oil). Also, the Company's international expansion can offer further upside potential.
For an analyst ratings summary and ratings history on MRC Global click here. For more ratings news on MRC Global click here.
Shares of MRC Global closed at $20.25 yesterday.
Barclays initiates coverage on MRC Global (NYSE: MRC) with an Overweight. PT $29.00.
Analyst, James C. West, said, "As the leading distributor of pipes, valves and fittings to the energy industry, we believe MRC Global is well-positioned to achieve growth rates in excess of the broader distribution industry this upcycle."
West also thinks concerns investors will appreciate MRC for it's conservative approach to moving into N.America exposure (less impact of moving from gas-to-oil). Also, the Company's international expansion can offer further upside potential.
For an analyst ratings summary and ratings history on MRC Global click here. For more ratings news on MRC Global click here.
Shares of MRC Global closed at $20.25 yesterday.
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