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Fly News Breaks for February 17, 2017
MDCA
Feb 17, 2017 | 08:53 EDT
As noted earlier, BMO Capital upgraded MDC Partners to Outperform from Market Perform. Analyst Daniel Salmon upgraded the stock based on what he sees as the company's lower liquidity risk after it received a $95M convert preferred investment from Goldman Sachs (GS). Additionally, the analyst says that MDC's "new business has accelerated lately," making him more confident that its 2017 guidance will provide a catalyst. Target $13.
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