UBS Starts Multi Packaging Solutions (MPSX) at Neutral

UBS initiates coverage on Multi Packaging Solutions (NYSE: MPSX) with a Neutral rating and a price target of $18.50.

Analyst Gail Glazerman commented, "We initiate on MPS with a Neutral rating and $18.50 price target. The company's potential to grow through both margin expansion and M&A are attractive. However, strong performance (+35% since IPO) leaves limited near-term upside, in our opinion.Over time, as management delivers on financial targets, demonstrates continued ability to grow and reduces leverage, we see potential for the shares to be rewarded."

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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