MDC Partners (MDCA) Overweight Rating Maintained at Albert Fried

Albert Fried & Company maintained an Overweight rating on MDC Partners (NASDAQ: MDCA) with a price target of $35. Analyst Rich Tullo thinks the stock will maintain momentum in 2015.

"MDCA shares have appreciated about 30% over the last 12 months as compared to about 6% for S&P 500. We note MDCA also pays a roughly 3% dividend which also compares well to the S&P 500 and its peers which pay about a 2% dividend, if at all. We also like MDCA as less than 10% of its revenue is derived from Foreign markets thus we expect no meaningful FX head winds," said Tullo.

"As MDC Partners has limited FX exposure and has recently won new accounts such as Infinity Automotive we expect a fairly upbeat earnings call. We also note in 2011/12 MDCA acquired specialty healthcare ad agencies and as IPG reported significant Healthcare ad growth we think Healthcare could be an Upside lever for MDCA too," he added.

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 $25.64 yesterday.

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