UPDATE: Barclays Initiates Coverage On Markit
In a research note released Monday, Barclays analyst Manav Patnaik initiated coverage on Markit (NASDAQ: MRKT) with an Equal-weight rating and a $30.00 price target.
The analyst stated that Markit's unique position has made it a viable long-term stock. In addition, the company has attractive financial characteristics and a very good shareholder base.
Some risks include margins, lawsuits and the company's execution as a public company.
Shares traded recently at $25.96, down 2.7 percent.
Latest Ratings for MRKT
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Mar 2016 | Deutsche Bank | Maintains | Buy | |
| Mar 2016 | Barclays | Maintains | Equal-Weight | |
| Feb 2016 | UBS | Maintains | Buy |
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Posted-In: Barclays Manav PatnaikAnalyst Color Price Target Initiation Analyst Ratings
