Piper Jaffray Highlights Positives After Meeting With MHP

Piper Jaffray is maintaining its Overweight rating and its $49 price target on The McGraw-Hill Companies MHP as it remains positive on the stock. In the report, Piper Jaffray writes, “Attractive near- and longer-term growth prospects, fading regulatory and litigation worries, very appealing cash flow dynamics, and a below historical average valuation combine to make MHP one of our favorite investment stories. A recent meeting with CEO Terry McGraw, CFO Jack Callahan, and MH Financial President Lou Eccleston served to reinforce our enthusiasm for the shares.” MHP closed at $43.22 yesterday.