Goldman Sachs Starts FX Alliance (FX) at Neutral
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Price: $22.01 --0%
Rating Summary:
2 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
2 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Goldman Sachs initiates coverage on FX Alliance (NYSE: FX) with a Neutral. PT $16.00.
The firm notes FX is a market leader in the electronic trading of institutional forex, which is growing at 19% CAGR. While the company is well positioned to consolidate a fragmented industry and benefit from scale enhancement over time, with the stock up 27% since its IPO near-term upside is limited.
For an analyst ratings summary and ratings history on FX Alliance click here. For more ratings news on FX Alliance click here.
Shares of FX Alliance closed at $15.19 yesterday.
The firm notes FX is a market leader in the electronic trading of institutional forex, which is growing at 19% CAGR. While the company is well positioned to consolidate a fragmented industry and benefit from scale enhancement over time, with the stock up 27% since its IPO near-term upside is limited.
For an analyst ratings summary and ratings history on FX Alliance click here. For more ratings news on FX Alliance click here.
Shares of FX Alliance closed at $15.19 yesterday.
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