Evercore ISI Group Downgrades M.D.C. Holdings: Here's What You Need To Know

Evercore ISI Group downgraded its rating of M.D.C. Holdings MDC to In-Line with a price target of $63.00, changing its price target from $57.00 to $63.00.

Shares of M.D.C. Holdings are trading up 0.0% over the last 24 hours, at $62.70 per share.

A move to $63.00 would account for a 0.48% increase from the current share price.

About M.D.C. Holdings

M.D.C. Holdings Inc is an American holding company that operates home construction, mortgage, insurance, and title companies. The company focuses on single-family and residential communities via its Richmond American Homes brand in Arizona, California, Colorado, Florida, Virginia, Nevada, Utah, and Washington. MDC Holdings constructs homes for first-time and move-up homebuyers. Its segments include Homebuilding and Financial Services. Its Home construction in Colorado, California, Washington, and Arizona derive most of the company's homebuilding revenue, followed by Utah, and Virginia.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.