Jefferies Rates Metals USA (MUSA) at Buy

Jefferies assumes coverage on Metals USA (NYSE: MUSA) with a Buy rating and $20 price target.

The firm states, "We are assuming coverage of MUSA with a Buy rating and $20 price target. With valuations depressed relative to the company’s attractive longer-term earnings prospects in the coming years, we see risk-reward as favorable at current prices. Our $20 target price values the shares at 6.9x 2012E EPS, which is in line with the historical long-term average multiples."

For more ratings news on Metals USA click here and for the rating history of Metals USA click here.

Shares of Metals USA closed at $15.14 yesterday.

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