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Analyst Moves: MDC, ALTH
Wednesday, May 11, 1:27 PM ET

This morning, Goldman Sachs lowered its price target on shares of MDC (NYSE:MDC) to $27 as the company is realizing smaller margins. With the lower price target, Goldman Sachs reduced its EPS estimates through 2013 and reiterated its neutral rating.

Shares of MDC were higher despite the report, gaining 0.7% this morning.

And Citigroup lowered its price target on shares of Allos Therapeutics (ALTH) from $7 down to $5 following the disappointing guidance from the company for 2011. With the lower price target, Citigroup did maintain its buy rating.

Shares of Allos were sharply lower on Wednesday, falling 12.1% today.

For MarketNewsVideo.com, I'm Sayoko Murase.

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