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Deutsche Bank Reiterates Buy on MDC Partners (MDCA)

April 29, 2013 2:08 PM EDT Send to a Friend
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Price: $20.59 +0.34%

Rating Summary:
    7 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 21 | New: 41
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Deutsche Bank today maintained a Buy rating on MDC Partners (NASDAQ: MDCA) and raised its price target to $20.00 (from $17.00).

Analysts at the bank said, "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."

For an analyst ratings summary and ratings history on MDC Partners click here. For more ratings news on MDC Partners click here.

Shares of MDC Partners closed at $15.90 yesterday.

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