Buy Mercator Lines, target of Rs 70: PINC Research

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Buy Mercator Lines, target of Rs 70: PINC Research

PINC Research has recommended a buy rating on Mercator Lines, with a price target of Rs 70. Mercator Lines enjoys higher revenue visibility compared to its peers. Jack up rig and coal mining revenues should also aid earnings.

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PINC Research has recommended a buy rating on Mercator Lines , with a price target of Rs 70, in its report dated May 20, 2009.

"Mercator Lines enjoys higher revenue visibility compared to its peers. Jack up rig and coal mining revenues should also aid earnings. Based on these parameters and cheaper valuations, we maintain our 'BUY' recommendation while revising our price target upwards to Rs 70," says PINC's research report.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. 

To read the full report click on the attachment.........