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MRC Global price target lowered to $15 from $17 at Susquehanna

Susquehanna lowered the firm’s price target on MRC Global (MRC) to $15 from $17 and keeps a Positive rating on the shares. The firm updated its model following Q4 results and while 4Q EBITDA was slightly lower than expected, the company has a number of growth opportunities in 2025, including improving fundamentals in the gas utility end market, opportunities for product price inflation, and a bullish natural gas midstream spending outlook.

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