UPDATE 1-RESEARCH ALERT-BB&T raises Midas to buy

Newswire

(Adds details) May 28 (Reuters) - BB&T Capital Markets raised its rating on Midas Inc , which provides automotive repair and maintenance services, to "buy" from "hold," based on valuation. "Current valuation levels afford an attractive entry point, in our opinion," analyst Anthony Cristello said in a note to clients. The valuation is based on free cash flow rather than on improvement in fundamentals, he added. Cristello initiated a $20 price target on the stock. "We expect ...

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