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Fly News Breaks for March 13, 2018
MDC
Mar 13, 2018 | 06:50 EDT
UBS analyst Daniel Oppenheim double upgraded M.D.C. Holdings to Buy from Sell with an unchanged price target of $32. The analyst believes the company can lift its return on equity to 12.0% in 2019 driven by recent investments in land and greater capital utilization. He views the valuation as inexpensive at current share levels and expects improving returns.
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