Wells Fargo Downgrades MDC Partners (MDCA) to Market Perform
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MDC Partners (MDCA) PT Lowered to $3.50 at Jefferies
November 7, 2016 7:46 AM ESTJefferies 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... More
Wedbush Downgrades MDC Partners (MDCA) to Neutral; Growth Guide and Confidence in Management Cut by Half
November 4, 2016 8:50 AM EDTWedbush downgraded MDC Partners (NASDAQ: MDCA) from Outperform to Neutral with a price target of $8.00 (from $20.00), as guidance and confidence in management cut in half. Also management suspended the dividend, to improve cash retention by ~$11m per quarter, for improved liquidity, deleveraging and investment in... More
MDC Partners (MDCA) Misses Q3 EPS Views; Trims FY16 Outlook
November 4, 2016 7:14 AM EDTMDC Partners (NASDAQ: MDCA) reported Q3 EPS of ($0.15), $0.37 worse than the analyst estimate of $0.22. Revenue for the quarter came in at $349.3 million versus the consensus estimate of $354.3 million.
GUIDANCE:
MDC Partners sees FY2016 revenue of $1.365-1.375 billion, versus prior... More
