Houghton Mifflin gets handful of Buy ratings as quiet period ends

|By:, SA News Editor

With the quiet period over, Houghton Mifflin Harcourt (HMHC) is unsurprisingly initiated with a Buy rating by most of its underwriters, though Piper Jaffray is a naughty boy, starting the stock at Hold.

BMO, Stifel, Morgan Stanley, Citigroup, and Goldman all rate the stock a Buy.

The shares priced at a disappointing $12 each in mid-November, but are up to $17.77 as of the close yesterday.