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MTRX

Matrix Service

$19.15

0.23 (1.22%)

16:06
10/10/16
10/10
16:06
10/10/16
16:06

Matrix Service subsidiary signs licensing agreement with GTT

Matrix Service Company announced that its subsidiary, Matrix PDM Engineering has signed an agreement with GTT North America, a subsidiary of GTT, to offer membrane tank technology. Matrix PDM is the first EPC company based in the United States to be licensed by GTT. The agreement comes following revisions to various standards including NFPA 59A and Canadian Standard CSA Z276 to include provisions for the use of membrane tanks for cryogenic and refrigerated storage in North America.

MTRX Matrix Service
$19.15

0.23 (1.22%)

11/09/15
STFL
11/09/15
NO CHANGE
STFL
Matrix Service could become takeover target for KBR, says Stifel
Stifel believes that valuations in the E&C sector have become more attractive, making the outlook for M&A in the sector "more sensible." The firm sees Matrix Service (MTRX) as a potential takeover target, given what Stifel sees as the company's fabrication capabilities and relatively low-cost labor. The firm thinks that KBR (KBR), which recently mentioned M&A during its Q3 earnings conference call, could acquire Matrix. Stifel believes that, based on recent transactions in the E & C space, Matrix could be acquired for $31 per share.
02/10/16
KEYB
02/10/16
DOWNGRADE
KEYB
Sector Weight
Matrix Service downgraded to Sector Weight from Overweight at KeyBanc
02/11/16
02/11/16
DOWNGRADE

On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ARM Holdings (ARMH) downgraded to Underperform from Market Perform at Bernstein... Apollo Investment (AINV) downgraded to Market Perform from Outperform at JMP Securities... Cabot Microelectronics (CCMP) downgraded to Neutral from Buy at Citi... Caesarstone (CSTE) downgraded to Equal Weight from Overweight at Barclays... Capital One (COF) downgraded to Neutral from Buy at BofA/Merrill... Discover (DFS) downgraded to Neutral on potential US slow-down at BofA/Merrill... Douglas Emmett (DEI) downgraded at Stifel... E.ON AG (EONGY) downgraded to Sell from Hold at Berenberg... Flowers Foods (FLO) downgraded on disappointing results at SunTrust... HCP (HCP) downgraded at Stifel... International Flavors (IFF) downgraded to Hold from Buy at Deutsche Bank... LinnCo (LNCO) downgraded to Sell from Hold at Stifel... LivePerson (LPSN) downgraded to Neutral from Buy at Roth Capital... MasterCard (MA) downgraded to Neutral from Buy at BofA/Merrill... Matrix Service (MTRX) downgraded to Sector Weight from Overweight at KeyBanc... Prospect Capital (PSEC) downgraded to Underperform at Raymond James... RWE AG (RWEOY) downgraded to Sell from Hold at Berenberg... Regions Financial (RF) downgraded to Equal Weight from Overweight at Morgan Stanley... Rush Enterprises (RUSHA) downgraded to Market Perform at Raymond James... Smith & Nephew (SNN) downgraded to Neutral at UBS... SolarCity (SCTY) downgraded to Equal Weight from Overweight at Barclays... Sotheby's (BID) downgraded on weak art market at Stifel... SunEdison Semiconductor (SEMI) downgraded to Sell from Neutral at Citi... Sunrun (RUN) downgraded to Equal Weight from Overweight at Barclays... Synovus (SNV) downgraded to Underweight from Equal Weight at Morgan Stanley... Tenaris (TS) downgraded to Underweight from Neutral at JPMorgan... Twitter (TWTR) downgraded to Hold from Buy at Topeka... Visa (V) downgraded to Neutral on possible US slow-down at BofA/Merrill... W.P. Carey (WPC) downgraded to Equalweight from Overweight at Capital One... Wendy's (WEN) downgraded to Neutral from Overweight at JPMorgan.
05/06/16
AVON
05/06/16
UPGRADE
Target $20
AVON
Outperform
Matrix Service upgraded to Outperform from Market Perform at Avondale
Avondale analyst Daniel Mannes upgraded Matrix Service to Outperform due to valuation and cut its price target to $20 from $22. The analyst does not see an immediate catalysts but views shares as inexpensive with leverage to a recovery in commodities, optionality on contract wins, a strong current backlog position, and M&A exposure.

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