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Fly News Breaks for April 28, 2015
MDCA
Apr 28, 2015 | 08:17 EDT
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.
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