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Stock Market & Financial Investment News

News Breaks
June 2, 2014
07:18 EDTMDCAMDC Partners shares compelling at current levels, says RBC Capital
After meeting with MDC's CFO, RBC Capital thinks the company's recent investments are continuing to pay off. The firm believes that the stock's multiple should rise due to the company's ability to grow more quickly than its peers. RBC Capital estimates that the company's free cash flow can increase 20%-30% over the next several years, and it keeps an Outperform rating on the stock.
News For MDCA From The Last 14 Days
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April 28, 2015
10:05 EDTMDCAOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Applied Materials (AMAT) downgraded to Neutral from Buy at Nomura... CGI Group (GIB) downgraded to Hold from Buy at Societe Generale... Celladon (CLDN) downgraded to Neutral from Buy at H.C. Wainwright... Coherent (COHR) downgraded to Neutral from Buy at B. Riley... Commerzbank (CRZBY) downgraded to Neutral from Overweight at JPMorgan... Continental Resources (CLR) downgraded to Neutral from Accumulate at Global Hunter... Crestwood Equity (CEQP) downgraded to Neutral from Overweight at JPMorgan... Crestwood Midstream (CMLP) downgraded to Neutral from Overweight at JPMorgan... Discovery (DISCA) downgraded to Sell from Neutral at UBS... Ericsson (ERIC) downgraded to Neutral from Buy at Goldman... First Merchants (FRME) downgraded to Market Perform from Outperform at Fig Partners... MDC Partners (MDCA) downgraded to Sector Perform from Outperform at RBC Capital... Medidata (MDSO) downgraded to Hold from Buy at Jefferies... Melco Crown (MPEL) downgraded to Underweight from Equal Weight at Morgan Stanley... SM Energy (SM) downgraded to Accumulate from Buy at Global Hunter... Springleaf (LEAF) downgraded to Neutral from Outperform at Macquarie... iGATE (IGTE) downgraded to Sector Perform from Outperform at RBC Capital.
08:51 EDTMDCAMDC Partners downgraded to Market Perform from Overweight at Albert Fried
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08:17 EDTMDCAMDC Partners subpoena does not change fundamentals, says FBR Capital
FBR Capital does not believe MDC Partners' fundamental story has changed following the disclosure of an SEC inquiry pursuant to a subpoena. The firm notes that while the stock is likely to trade on the inquiry, it "could well trade up sharply" upon a resolution. FBR thinks the issues under scrutiny are not value-driving and keeps an Outperform rating on MDC with a $34 price target.
08:00 EDTMDCAMDC Partners downgraded to Hold from Buy at Evercore ISI
Note this is the fourth downgrade of the day.
07:52 EDTMDCAMDC Partners downgraded to Market Perform from Outperform at BMO Capital
BMO Capital downgraded MDC Partners to Market Perform and reduced its price target to $26 from $30 following the SEC investigation into goodwill accounting practices and trading in the company's securities by third party's.
06:55 EDTMDCAMDC Partners downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray downgraded MDC Partners to Neutral saying the ongoing SEC investigation will likely increase the stock's risk profile and compress the multiple. Piper lowered its price target for shares to $26 from $30.
06:54 EDTMDCAMDC Partners says Chief Accounting Officer transitioned to new role
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06:53 EDTMDCAMDC Partners says cooperating with SEC regarding subpoena
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06:51 EDTMDCAMDC Partners downgraded to Sector Perform from Outperform at RBC Capital
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April 27, 2015
16:34 EDTMDCAMDC Partners sees FY15 revenue $1.30B-$1.33B, consensus $1.32B
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16:11 EDTMDCAMDC Partners reports Q1 EPS (52c),may not compare to consensus (14c)
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08:15 EDTMDCAAllison+Partners adds over $3M in revenue with new clients
Allison+Partners, an MDC Partners company, announced the addition of several new health, technology, real estate and consumer clients to its agency roster, adding more than $3 million in revenue. New clients include PKWARE, Dignity Health, Seventh Generation, Equity Residential, Airbnb and ForSaleByOwner.com, a unit of Tribune Publishing Co.

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