BofA/Merrill Lynch Starts Metaldyne Performance Group (MPG) at Buy
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Price: $5.97 --0%
Rating Summary:
1 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 4 | New: 11
Rating Summary:
1 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 4 | New: 11
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BofA/Merrill Lynch initiates coverage on Metaldyne Performance Group (NYSE: MPG) with a Buy rating and a price target of $28.00.
Analyst John Murphy sees the company as well positioned in several high growth areas of the vehicle and said it should benefit from improving NA light and commercial vehicle volume, as well as an eventual recovery in the off-highway business.
For an analyst ratings summary and ratings history on Metaldyne Performance Group click here. For more ratings news on Metaldyne Performance Group click here.
Shares of Metaldyne Performance Group closed at $17.03 yesterday.
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