Wall Street firm Deutsche Bank said it was raising its profit and organic growth estimates for ad holding company MDC Partners, in the wake of recent wins (BMW, Under Armour and Activision) and two
acquisitions (health care agency Concentric and Laird + Partners). Deutsche Bank predicted that MDC would show organic growth rates three fold better than its peer group for both 2011 and 2012. "MDC
is our top agency pick, particularly in an environment where U.S. ad market strength will be harder to come by in 2012," DB said in an investor note. No change in the recommendation, which remains a
"buy."
