Merrill Lynch sees upturn in MRO market

New York — Analysts at Merrill Lynch predict a near-term potential upturn in the industrial MRO (maintenance, repair and operating) products market.

The analysts say that the U.S. manufacturing industry is poised for a robust multi-year expansion cycle in the near term.

As a result, it is giving a “buy” rating to stocks of MSC Industrial Direct Company, a company that is engaged in the direct marketing of industrial products.