Seeking Alpha

Houghton Mifflin gets handful of Buy ratings as quiet period ends

  • 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.
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