Credit Suisse initiates coverage on Multi Packaging Solutions with a Outperform rating and a price target of $21.00.

Analyst L. Kjellberg commented, "MPS's combination of a broad product offering and geographic reach is unique in the packaging industry, in our view. "

The analyst also said transformational M&A in 2014 creates near-term significant margin expansion. "Synergies, in combination with revenue mix changes and cost improvements, should drive margin expansion of 290bps between pro forma 2015 and 2017 to 16.3%. MPS targets long-term margins of 17.0%," the analyst said.

treetinsider.com