Metcash (MHTLY) Downgraded by Macquarie to “Underperform”

Metcash (OTCMKTS:MHTLY) was downgraded by equities researchers at Macquarie from a “neutral” rating to an “underperform” rating in a note issued to investors on Tuesday, The Fly reports.

Separately, Credit Suisse Group upgraded Metcash from an “underperform” rating to a “neutral” rating in a report on Monday.

OTCMKTS MHTLY opened at $12.23 on Tuesday. Metcash has a one year low of $11.01 and a one year high of $16.71.

Metcash Company Profile

Metcash Limited operates as a wholesale distribution and marketing company in Australia and New Zealand. It operates through Food & Grocery, Liquor, and Hardware segments. The Food & Grocery segment distributes a range of products and services to independent supermarket and convenience retail outlets.

See Also: How do investors use RSI to grade stocks?

The Fly

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