Credit Suisse Starts Multi Packaging Solutions (MPSX) at Outperform

Credit Suisse initiates coverage on Multi Packaging Solutions (NYSE: MPSX) with a Outperform rating and a price target of $21.00.

Analyst L. Kjellberg commented, "MPS's combination of a broad product offering and geographic reach is unique in the packaging industry, in our view. "

The analyst also said transformational M&A in 2014 creates near-term significant margin expansion. "Synergies, in combination with revenue mix changes and cost improvements, should drive margin expansion of 290bps between pro forma 2015 and 2017 to 16.3%. MPS targets long-term margins of 17.0%," the analyst said.

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 $17.70 yesterday.

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