Market Overview

UPDATE: Deutsche Bank Raises PT on MDC Partners Following Great Q1, Raises 2013 Guidance

Related MDCA
Top 4 Stocks In The Marketing Services Industry With The Highest Dividend Yield
Omnicom Beats on Q1 Earnings, Revs - Analyst Blog

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

DateFirmActionFromTo
Jul 2014Evercore PartnersInitiates Coverage onOverweight
Dec 2013Albert Fried & Co.MaintainsOverweight
Oct 2013UBSMaintainsBuy

View More Analyst Ratings for MDCA
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

Related Articles (MDCA)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters