Keefe, Bruyette & Woods Downgrades BGC Partners (BGCP) to Market Perform

Keefe, Bruyette & Woods downgraded BGC Partners (NASDAQ: BGCP) from Outperform to Market Perform with a price target of $8.00.

KBW analyst said, "...With only 1% upside to our BGC Partners price target of $8, we downgrade this stock to Market Perform, expecting it to maintain a steady high dividend in 2012."

For an analyst ratings summary and ratings history on BGC Partners click here. For more ratings news on BGC Partners click here.

Shares of BGC Partners closed at $7.92 yesterday.

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