MDC Partners settles SEC probe into former CEO's expenses

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Go back to MDC Partners settles SEC probe into former CEO's expenses

Jefferies Raises Price Target on MDC Partners (MDCA) Following Announcement Surrounding SEC Investigation

November 10, 2016 8:51 AM EST

Jefferies reiterated a Hold rating on MDC Partners (NASDAQ: MDCA), and raised the price target to $4.00 (from $3.50), after management announced that it had reached an "agreement in principle" to resolve the ongoing SEC investigation.

Analyst John Janedis commented, "MDCA mgmt... More