MRC Global (MRC) Misses Q2 EPS by 3c

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MRC Global (MRC) PT Raised to $24 at Cowen Following 2Q

August 7, 2017 9:45 AM EDT

Cowen raised its price target on MRC Global (NYSE: MRC) to $24.00 (from $20.00) while maintaining a Outperform rating following the 2Q. MRC ended down 230bps on earnings day despite yet another beat and raise providing near term opportunity.

Backlog provides revenue growth opportunities in 2018.... More