UBS Maintains a 'Buy' on MDC Partners (MDCA); Raising PT & Estimates
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Price: $5.42 --0%
Rating Summary:
7 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
7 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Buy' on MDC Partners (NASDAQ: MDCA) price target lowered from $17 to $15.
Analyst, John Janedis, said, "Over the past several weeks MDCA has made three acquisitions/ investments: 1) a JV in Brazil, 2) an independent creative agency, Doner, and 3) a media firm, TargetCast. As a result of the acquisitions, the company revised its 2012 guidance (see details below). MDCA also announced a net $40M in business wins in 1Q, indicating strength in the core business. We maintain our Buy rating, though the margin slippage from last year has weighed on the stock."
UBS analyst, raises FY12 loss from (0.80) to (0.65) and FY13 from (0.51) to (0.30).
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 $10.93 yesterday.
Analyst, John Janedis, said, "Over the past several weeks MDCA has made three acquisitions/ investments: 1) a JV in Brazil, 2) an independent creative agency, Doner, and 3) a media firm, TargetCast. As a result of the acquisitions, the company revised its 2012 guidance (see details below). MDCA also announced a net $40M in business wins in 1Q, indicating strength in the core business. We maintain our Buy rating, though the margin slippage from last year has weighed on the stock."
UBS analyst, raises FY12 loss from (0.80) to (0.65) and FY13 from (0.51) to (0.30).
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 $10.93 yesterday.
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