Will This Coverage Initiation Affect Markit (MRKT) Stock Today?

NEW YORK (TheStreet) -- UBS initiated coverage on Markit  (MRKT) with a "neutral" rating and a $28 price target. The firm said the company has an entrenched position in financial services industry but lower earnings quality relative to peers.

The stock was down 0.64% to $26.51 just after the market opened on Monday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

MRKT Chart MRKT data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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