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 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.
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