Raymond James Maintains Outperform on M.D.C. Holdings, Raises Price Target to $60
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Buck Horne maintains an Outperform rating on M.D.C. Holdings (NYSE:MDC) and raises the price target from $55 to $60.
August 04, 2023 | 12:37 pm
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Raymond James maintains an Outperform rating on M.D.C. Holdings and raises the price target from $55 to $60. This could potentially lead to an increase in the stock's price.
The Outperform rating maintained by Raymond James indicates that they expect M.D.C. Holdings to do better than the overall market. The increase in the price target from $55 to $60 suggests that they believe the stock is undervalued at its current price, which could lead to an increase in the stock's price as the market adjusts to this new information.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100