Keefe, Bruyette & Woods Starts National Financial Partners (NFP) at Outperform; Put'er There, Partner

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NFP Hot Sheet

Rating Summary:
2 Buy, 0 Hold, 1 Sell

Rating Trend:

Up

Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23

Keefe, Bruyette & Woods initiates coverage on National Financial Partners (NYSE: NFP) with a Outperform. PT $17.00.

KBW analyst says, "NFP is bouncing back from a tough going during the 2008 financial crisis. Management is focusing on growing the right lines of business both organically and through acquisitions. This is on top of actively repurchasing shares. With the shares trading at just 4.6x our 2012 cash EPS estimate, we believe there is significant potential upside as NFP further solidifies its earnings prospects and growth initiatives."

For more ratings news on National Financial Partners click here and for the rating history of National Financial Partners click here.

Shares of National Financial Partners closed at $10.76 yesterday, with a 52 week range of $9.37-$16.18.

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