MDC Partners (MDCA) PT Lowered to $3.50 at Jefferies

November 7, 2016 7:46 AM EST
Get Alerts MDCA Hot Sheet
Price: $6.25 -5.3%

Rating Summary:
    7 Buy, 6 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
Trade MDCA Now!
Join SI Premium – FREE

Get the Pulse of the Market with's Pulse Picks. Get your Free Trial here.

Jefferies analyst John Janedis reiterated a Hold rating and slashed his price target on MDC Partners (NASDAQ: MDCA) to $3.50 (from $17.00).

Janedis commented, "When we "Threw in the Towel" and downgraded the stock to Hold after 2Q results, we had suspected only modest further downside risk to '16, but had concerns on '17 due to cost pressures. From that perspective, last night's results were a worst case scenario. With that backdrop and what appears to be operational issues, we remain on the sidelines."

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 $3.40 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

Jefferies & Co

Add Your Comment