Susquehanna Maintains Positive on MRC Global, Raises Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Charles Minervino has maintained a Positive rating on MRC Global (NYSE:MRC) and increased the price target from $15 to $16.
May 10, 2024 | 12:54 pm
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POSITIVE IMPACT
Susquehanna has reaffirmed its Positive rating on MRC Global and raised the price target from $15 to $16, indicating a bullish outlook on the stock.
The increase in price target by a reputable analyst like Charles Minervino signals a strong vote of confidence in MRC Global's future performance. This is likely to be viewed positively by the market, potentially leading to a short-term increase in the stock's price as investors adjust their valuations based on the new price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100