Piper Jaffray Reiterates Overweight Rating On MDC Partners

In a report published by Piper Jaffray expects consistent digital growth and investment in 2011 on MDC Partners MDCA.

Piper Jaffray said that it reiterates its Overweight rating on MDCA and is raising its price target from $21 to $23 following the company's solid Q4 results and 2011 guidance. “In
our view, MDC and its partners continue to capture increasing digital mindshare in the marketplace and we expect this industry leadership to yield revenue and EBITDA growth well above industry peers in 2011 and beyond.”

MDC Partners closed yesterday at $18.79.