MRC Global falls after Susquehanna cuts to 'neutral'

DNOW

02/10/2025 12:12

** Shares of global energy equipment distributor MRC Global MRC.N fall 1.5% to about $14.3 premarket

** Susquehanna cuts stock's rating to "neutral" from "positive"

** This follows MRC's $1.5 billion acquisition by DNOW DNOW.N

** MRC shareholders will own ~43% of the new entity

** Median PT of three brokerages covering stock is $16 - data compiled by LSEG

** As of last close, shares up nearly 14% YTD

 (Reporting by Parth Chandna)

 ((Parth.Chandna@thomsonreuters.com;))