- HMH Holdings (HMHC) is initiated at Buy with a PT of $21 at Stifel Nicolaus, adding to a chorus of bullish analyst commentary for the previously-bankrupt company.
- Analyst David Pang notes, "As a leading provider of U.S.-based preK-12 educational solutions, we see Houghton Mifflin Harcourt as the best way to play the anticipated recovery in el-hi publishing. We believe HMHC is in the early stages of a turnaround, and our estimates assume further acceleration of growth, higher cash flows, and profitability following several years of significant losses."
- Shares +1% pre-market
Stifel initiates HMH: "best way to play the anticipated recovery in el-hi publishing"
Dec 24 2013, 09:16 ET