Keefe, Bruyette & Woods Upgrades GFI Group (GFIG) to Outperform; Sees More Upside Than Peers

Keefe, Bruyette & Woods upgraded GFI Group (NASDAQ: GFIG) from Market Perform to Outperform with a price target of $5.00.

KBW analyst said, "We upgrade GFI Group to Outperform seeing more upside here than in the peer IDB, BGC Partners (Nasdaq: BGCP), at this time. Both companies carry attractive dividend yields, but with 34% upside to our 12-month price target for GFI of $5 plus a 5.5% dividend yield, we move to Outperform."

For an analyst ratings summary and ratings history on GFI Group click here. For more ratings news on GFI Group click here.

Shares of GFI Group closed at $4.62 yesterday.

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