Wells Fargo Starts Houghton Mifflin (HMHC) at Outperform

January 6, 2014 6:56 AM EST
Get Alerts HMHC Hot Sheet
Price: $13.82 +1.25%

Rating Summary:
    3 Buy, 6 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 16 | Down: 13 | New: 52
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Wells Fargo initiated coverage on Houghton Mifflin (NASDAQ: HMHC) with an Outperform rating and price target of $18-$22.

Analyst Trace A. Urdan said, "We believe that as the K-12 curriculum content market leader, the company is positioned to benefit from a strengthening education spending market, a growing focus on common core standards, and a persistent migration toward digital curricular materials. Our CY2013 EPS forecast is for a loss of $0.66 and our CY2014 EPS estimate is $0.10."

For an analyst ratings summary and ratings history on Houghton Mifflin click here. For more ratings news on Houghton Mifflin click here.

Shares of Houghton Mifflin closed at $17.07 yesterday.

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