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MSC Industrial (MSM) Receives a New Rating from Davidson Capital

Tipranks - Fri Jun 19, 7:10AM CDT

In a report released on June 16, from Davidson Capital initiated coverage with a Buy rating on MSC Industrial and a price target of $145.00. The company’s shares closed yesterday at $117.28.

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MSC Industrial has an analyst consensus of Moderate Buy, with a price target consensus of $114.50, implying a -2.37% downside from current levels. In a report released yesterday, D.A. Davidson also initiated coverage with a Buy rating on the stock with a $145.00 price target.

Based on MSC Industrial’s latest earnings release for the quarter ending February 28, the company reported a quarterly revenue of $917.77 million and a net profit of $41.83 million. In comparison, last year the company earned a revenue of $891.72 million and had a net profit of $39.31 million

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