Goldman Sachs Upgrades Knight Capital Group (KCG) to Buy
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Price: $20.00 --0%
Rating Summary:
3 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
3 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Goldman Sachs upgraded Knight Capital Group (NYSE: KCG) from Neutral to Buy with a $14 price target, suggesting 23% upside.
The firm sees too much upside to ignore. They note that while the market is focusing on equity market exposure, the company is poised to "complete its self-clearing plan by 3Q, increase its options roll-out, and improve FICC margins."
For more ratings news on Knight Capital Group click here and for the rating history of Knight Capital Group click here.
Shares of Knight Capital Group closed at $11.40 yesterday.
The firm sees too much upside to ignore. They note that while the market is focusing on equity market exposure, the company is poised to "complete its self-clearing plan by 3Q, increase its options roll-out, and improve FICC margins."
For more ratings news on Knight Capital Group click here and for the rating history of Knight Capital Group click here.
Shares of Knight Capital Group closed at $11.40 yesterday.
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