KeyBanc Upgrades M.D.C. Holdings (MDC) to Sector Weight

KeyBanc upgraded M.D.C. Holdings (NYSE: MDC) from Underweight to Sector Weight. The change follows Q2 results.

Analyst Kenneth R. Zener said, "M.D.C Holdings, Inc.'s (MDC) $0.41 2Q15 EPS was below our estimate of $0.44, with strong price gains offsetting a moderate drop in closings, with a moderate sequential lift in gross margins. We raise our rating on MDC to Sector Weight from Underweight as we believe MDC's book valuation at ~1.1x vs. ~1.8x for peers accounts for its lower than peers operational profitability."

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 $28.36 yesterday.

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