Goldman Sachs Adds M.D.C. Holdings (MDC) to its Conviction Buy List

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Goldman Sachs added M.D.C. Holdings (NYSE: MDC) to its Conviction Buy List with a price target of $50.00 (from $34.00).

The firm expects MDC to outperform the group given its exposure to the Denver, CO (22% of sales) and Phoenix, AZ (18% of sales), markets which have shown some of the best pricing/sales dynamics in the country.

For an analyst ratings summary and ratings history on M.D.C. Holdings click here. For more ratings news on M.D.C. Holdings click here.

Shares of M.D.C. Holdings closed at $31.39 yesterday, with a 52 week range of $14.79-$33.29.

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