KBW Initiates SWS Group (SWS) with a Market Perform
Keefe, Bruyette, and Woods initiates coverage on SWS Group (NYSE: SWS) with a Market Perform rating and a $20 price target.
The firm believes SWS is streamlined but well diversified. The $20 price target implies a P/E multiple of approximately 13.8 times their 2009 EPS estimate while their fiscal 2008 and 2009 EPS estimates are $1.15 and $1.45, respectively.
SWS Group, Inc. operates as a securities and banking company in the United States and internationally.
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