MRC Overview

Analyst Downgrades: Keefe, Bruyette & Woods downgraded First Bancorp from Outperform to Market Perform, lowering the price target from $26 to $24, while shares closed at $20.35.

Harley-Davidson Rating Change: Morgan Stanley downgraded Harley-Davidson from Equal-Weight to Underweight, reducing the price target from $27 to $25, with shares closing at $28.21.

Avidity Biosciences Update: HC Wainwright & Co. downgraded Avidity Biosciences from Buy to Neutral, cutting the price target from $87 to $72, as shares closed at $49.15.

MRC Global and TXNM Energy Adjustments: Loop Capital downgraded MRC Global from Buy to Hold, maintaining a price target of $16, while Jefferies downgraded TXNM Energy from Buy to Hold but raised the price target from $58 to $61.25.

Investigation Announcement: Halper Sadeh LLC is investigating MRC Global Inc., Guaranty Bancshares, Inc., and HanesBrands Inc. for potential violations of federal securities laws and breaches of fiduciary duties related to their sales.

MRC Global Sale Details: MRC Global is being sold to DNOW Inc. with shareholders receiving 0.9489 shares of DNOW stock for each share of MRC common stock.

Guaranty Bancshares Sale Details: Guaranty Bancshares is set to be acquired by Glacier Bancorp, offering 1.0000 share of Glacier stock for each Guaranty share, subject to adjustments.

Legal Support Offered: Halper Sadeh LLC offers free consultations to shareholders regarding their legal rights and may seek increased compensation or additional disclosures on behalf of the shareholders involved in these transactions.

Investigation Announcement: Former Louisiana Attorney General Charles C. Foti, Jr. and Kahn Swick & Foti, LLC are investigating the proposed sale of MRC Global Inc. to DNOW Inc.

Transaction Details: Under the proposed terms, MRC shareholders will receive 0.9489 shares of DNOW for each share of MRC they own.

Concerns Raised: KSF is assessing whether the transaction undervalues MRC Global and if the process leading to this consideration was adequate.

Contact Information: Interested parties can contact KSF for legal discussions regarding the sale via email or phone, with further details available on their website.

Investigation by Halper Sadeh LLC: The law firm is investigating Guaranty Bancshares, DallasNews Corporation, and MRC Global for potential violations of federal securities laws and breaches of fiduciary duties to shareholders related to their respective sales.

Details of Company Sales: Guaranty Bancshares is being sold to Glacier Bancorp at a share exchange rate, DallasNews Corporation to Hearst for $14.00 per share in cash, and MRC Global to DNOW Inc. for a share exchange.

Shareholder Rights: Shareholders of the mentioned companies are encouraged to learn about their rights and options regarding these transactions, with the firm offering free consultations.

Legal Representation: Halper Sadeh LLC operates on a contingent fee basis, meaning shareholders will not incur out-of-pocket legal fees, and the firm has a history of recovering funds for investors affected by corporate misconduct.

Q2 2025 Financial Performance: MRC Global reported GAAP revenue of $798 million in Q2 2025, exceeding analyst expectations, with adjusted EPS of $0.25; however, profit margins contracted year-over-year and net income from continuing operations dropped significantly.

Strategic Focus and Challenges: The company is enhancing its digital commerce capabilities, with nearly half of its revenue coming from digital channels, while facing challenges such as rising inventory costs and a declining backlog, leading to the suspension of future financial forecasts amid an upcoming merger with DNOW.