UPDATE: UBS Starts Metals USA (MUSA) at Neutral; Waiting For Apollo (APO)
Get Alerts MUSA Hot Sheet
Price: $420.54 -0.14%
Rating Summary:
5 Buy, 4 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
5 Buy, 4 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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(Updated - August 23, 2012 11:08 AM EDT)
UBS initiates coverage on Metals USA (NYSE: MUSA) with a Neutral. PT $16.00.
Analyst, Shneur Z. Gershuni, said, "MUSA is a solid operator with good management in an attractive industry, but we believe shares are fairly valued considering the overhang of future stock sales from majority owner Apollo (NYSE: APO), and weaker operating metrics relative to best-in-class Reliance (NYSE: RS). Further acquisitions offer the most upside to our current estimates as we believe most will be EPS accretive. We like metals service centers, but RS is the most attractive despite a slight valuation premium."
For an analyst ratings summary and ratings history on Metals USA click here. For more ratings news on Metals USA click here.
Shares of Metals USA closed at $14.69 yesterday.
UBS initiates coverage on Metals USA (NYSE: MUSA) with a Neutral. PT $16.00.
Analyst, Shneur Z. Gershuni, said, "MUSA is a solid operator with good management in an attractive industry, but we believe shares are fairly valued considering the overhang of future stock sales from majority owner Apollo (NYSE: APO), and weaker operating metrics relative to best-in-class Reliance (NYSE: RS). Further acquisitions offer the most upside to our current estimates as we believe most will be EPS accretive. We like metals service centers, but RS is the most attractive despite a slight valuation premium."
For an analyst ratings summary and ratings history on Metals USA click here. For more ratings news on Metals USA click here.
Shares of Metals USA closed at $14.69 yesterday.
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