Deutsche Bank Starts FXCM Inc (FXCM) at Hold; Well Positioned in a Growth Industry, Despite Recent Sluggishness

Deutsche Bank initiates coverage on FXCM Inc (NYSE: FXCM) with a Hold. PT $11.

Deutsche analyst says, "While FXCM is well positioned to generate attractive top line growth over time (via industry growth, share gains, & new products) as well as margin upside & cash opportunities (M&A/buybacks), given some industry regulatory risks & sluggish near term growth, we expect FXCM's valuation (& the industry) to remain a bit subdued in the near term, limiting the upside."

For more ratings news on FXCM Inc click here and for the rating history of FXCM Inc click here.

Shares of FXCM Inc closed at $9.60 yesterday.

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