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Fly News Breaks for January 30, 2017
MDC
Jan 30, 2017 | 06:32 EDT
Evercore ISI downgraded M.D.C. Holdings to Sell and lowered its price target to $26 from $28. Analyst Stephen Kim believes investors sentiment has reached a near-term peak and recommends fading the rally. He believes homebuilding sector upside could be limited as margins may not expand, the impact from uncertain political policy, high expectations, and said the seasonal trade may be over.
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