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UPDATE: Sterne Agee Upgrades M.D.C. Holdings on Current Valuation

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In a report published Thursday, Sterne Agee analyst Jay McCanless upgraded M.D.C. Holdings (NYSE: MDC) from Neutral to Buy and maintained a $36 price target.

In the report, Sterne Agee stated, "We believe investors have overlooked the potential for easy operating comparisons in FY14, and at current levels, we view the stock as undervalued."

M.D.C. Holdings closed on Wednesday at $29.01.

Latest Ratings for MDC

DateFirmActionFromTo
Oct 2020Wells FargoUpgradesUnderweightEqual-Weight
Oct 2020JP MorganUpgradesNeutralOverweight
Sep 2020B of A SecuritiesUpgradesNeutralBuy

View More Analyst Ratings for MDC
View the Latest Analyst Ratings

 

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Posted-In: Jay McCanless Sterne AgeeAnalyst Color Upgrades Analyst Ratings

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