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Fly News Breaks for November 4, 2016
MDCA
Nov 4, 2016 | 06:03 EDT
Wells Fargo analyst Peter Stabler downgraded MDC Partners to Market Perform from Outperform citing a lack of visibility following the company's Q3 results. The recent earnings reports suggest that laggard assets are increasing weighing on total company results, Stabler tells investors in a research note. He says the story is now "too difficult" to defend. The analyst lowered his price target range for the shares to $8-$10 from $15-$17.
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