UPDATE: Deutsche Bank Raises PT on MDC Partners Following Great Q1, Raises 2013 Guidance
In a report published Monday, Deutsche Bank analyst Greg Poole reiterated a Buy rating on MDC Partners (NASDAQ: MDCA), and raised the price target from $17.00 to $20.00.
In the report, Poole noted, “MDCA posted a stellar Q1 and raised 2013 guidance significantly. This name unquestionably owns the industry's best growth track record and outlook and has a markedly improving balance sheet, yet is still under-appreciated at 8.5x EBITDA and 15% FCF yield. Were it not for the low liquidity and smallish cap, we think MDCA would be in many more TMT portfolios. We reiterate our Buy, and raise EBITDA by 6%, FCF by 45%.”
MDC Partners closed on Friday at $15.90.
Latest Ratings for MDCA
|Jul 2015||Wedbush||Initiates Coverage on||Outperform|
|Jul 2015||Piper Jaffray||Upgrades||Neutral||Overweight|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.