UPDATE: Edison Investment Research Initiates Coverage on Solera Holdings on Multiple Positive Factors

In a report published Wednesday, Edison Investment Research analyst Dan Ridsdale initiated coverage on Solera Holdings (NYSE: SLH).

In the report, Ridsdale noted, “Solera is the leading supplier of productivity solutions to the global automotive repair industry. Diverse customer exposure and a transaction/subscription revenue model give it highly visible revenue streams growing at a mid-single-digit rate organically. Its EBITDA margin of 43% is best in class and cash generation is strong. These attributes give Solera a strong platform to gain leverage from acquisitions, which will be key to achieving management's goal of $2bn sales and $800m EBITDA by 2020.”

Solera Holdings closed on Tuesday at $56.60.