Goldman Sachs Downgrades Knight Capital Group (KCG) to Neutral On Competitive Threats
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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 downgraded Knight Capital Group (NYSE: KCG) from Conviction Buy List to Neutral with a price target of $12.50.
While the firm is confident in the restructuring and cost savings initiatives at the company they see increased competition with announcements from Credit Suisse and Cantor Fitzgerald that they are entering the wholesale market making business.
For an analyst ratings summary and ratings history on Knight Capital Group click here. For more ratings news on Knight Capital Group click here.
Shares of Knight Capital Group closed at $11.90 yesterday.
While the firm is confident in the restructuring and cost savings initiatives at the company they see increased competition with announcements from Credit Suisse and Cantor Fitzgerald that they are entering the wholesale market making business.
For an analyst ratings summary and ratings history on Knight Capital Group click here. For more ratings news on Knight Capital Group click here.
Shares of Knight Capital Group closed at $11.90 yesterday.
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