Evercore ISI downgraded M.D.C. Holdings to In Line from Outperform with a price target of $63, up from $57, following the company’s Q4 report and recent announcement that a wholly-owned subsidiary of Sekisui House will acquire MDC in an all-cash transaction with an equity value of $4.9B.
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Read More on MDC:
- M.D.C. Holdings reports Q4 EPS $1.56, consensus $1.49
- M.D.C. HOLDINGS ANNOUNCES 2023 FOURTH QUARTER AND FULL YEAR RESULTS
- M.D.C. Holdings Announces Merger Agreement with Sekisui House
- M.D.C. Holdings rises 18.2%
- M.D.C. Holdings rises 18.0%
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