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Fly News Breaks for July 29, 2016
MDCA
Jul 29, 2016 | 15:27 EDT
As previously reported, Albert Fried upgraded MDC Partners to Overweight from Underweight, as they believe the recent collapse in shares is an overreaction to "lackluster" results. The firm speculates that part of the stock's decline today was due to flash trading and market structure. While still concerned about MDCA's capital structure, the firm thinks the risk is reflected in MDC shares following today's pullback.
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