BUZZ-MRC Global falls after Susquehanna cuts to 'neutral'

Reuters
Oct 02
BUZZ-<a href="https://laohu8.com/S/MRC">MRC Global</a> falls after Susquehanna cuts to 'neutral'

** Shares of global energy equipment distributor MRC Global MRC.N fall 1.5% to about $14.3 premarket

** Susquehanna cuts stock's rating to "neutral" from "positive"

** This follows MRC's $1.5 billion acquisition by DNOW DNOW.N

** MRC shareholders will own ~43% of the new entity

** Median PT of three brokerages covering stock is $16 - data compiled by LSEG

** As of last close, shares up nearly 14% YTD

(Reporting by Parth Chandna)

((Parth.Chandna@thomsonreuters.com;))

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