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Fly News Breaks for February 16, 2017
MDCA
Feb 16, 2017 | 05:44 EDT
Jefferies analyst John Janedis upgraded MDC Partners to Buy saying the company's balance sheet is "significantly" de-risked following the $95M investment thru the purchase of convertible preferred shares. The analyst expects shares to move higher as investors refocus on the business and management executes. He raised his price target for the shares to $12 from $4.
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