Benchmark Upgrades McGraw-Hill (MHP) to Buy; Attractive Valuation and Break Up Value

Benchmark upgraded McGraw-Hill (NYSE: MHP) from Hold to Buy with a price target of $53.00.

Analyst, Edward J. Atorino, said, "Upgrades to reflect strong growth prospects of McGraw-Hill‘s financial operations and the stock’s discount to estimated break up value following separation of McGraw-Hill Education from McGraw Hill’s financial operations."

"For 2013, we project total revenues of $6.9 billion, up 7%, led by growth at S&P Ratings and Capital IQ with some improvement in Education and further growth at Commodities and Commercial. We project EPS to advance to $3.71, up 11%."

For an analyst ratings summary and ratings history on McGraw-Hill click here. For more ratings news on McGraw-Hill click here.

Shares of McGraw-Hill closed at $43.89 yesterday.

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