UPDATE: Jefferies Downgrades McGraw-Hill to Hold on Uncertainty Ahead
April 25, 2013 at 10:15 AM EDT
In a report published Thursday, Jefferies analyst David Reynolds downgraded the rating on McGraw-Hill Companies (NYSE: MHP ) from Buy to Hold, but reiterated the $51.00 price target. In the report, Reynolds noted, “The MHP business model has delivered financially and seems set to do so again in 2013. And