Pali Research Downgrades Interactive Brokers Group (IBKR) to Neutral
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Pali Research downgrades Interactive Brokers Group (Nasdaq: IBKR) from Buy to Neutral.
Pali analyst says, "The challenges (tight spreads, low actual/implied volatility ratio) that plagued the market making business in 3Q09 look likely to persist in the near-term limiting fundamental improvement, and in the stock, in our view. With our 2010 EPS estimate moving to $1.40, we believe the stock could trade in the $16.50-17.50 range until the environment starts to turn. We still believe in the long-term growth opportunities for IBKR, but they are likely to take time to play out."
To see more analyst ratings on IBKR Click Here.
Interactive Brokers Group, Inc. operates as an automated global electronic market maker and broker
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