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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MRC:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue