Keefe, Bruyette & Woods Downgrades MF Global (MF) to Market Perform; Risks and Uncertainty Could Dominate

Keefe, Bruyette & Woods downgraded MF Global (NYSE: MF) from Outperform to Market Perform, price target cut to $2.00.

KBW analyst says, "MF's F2Q12 miss was driven by a significant decline in principal transactions revenue as MF pulled back from proprietary trading in the volatile market. More importantly with the near 50% stock slide, it risks becoming a self fulfilling prophecy driving customer and counter-party pullback. At this time we don't have enough information to quantify the risk of fallout from this and lower our rating and price target."

For more ratings news on MF Global click here and for the rating history of MF Global click here.

Shares of MF Global closed at $1.86 yesterday.

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