Keefe, Bruyette & Woods
http://www.kbw.comKeefe, Bruyette & Woods is the largest full-service investment bank that specializes exclusively in the financial services sector.
Founded in 1962, the firm is recognized as a leading authority on financial services companies. KBW's focus includes banking companies, insurance companies, broker/dealers, mortgage banks, asset management companies, and specialty finance firms. Keefe, Bruyette & Woods has established industry-leading positions in the areas of research, corporate finance, mergers and acquisitions, and sales and trading for financial services companies.
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Keefe, Bruyette & Woods Upgrades EMC Insurance (EMCI) to Outperform
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Keefe, Bruyette & Woods Upgrades EMC Insurance Group (EMCI) to Market Perform; Raises PT & Estimates
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Unusual 11 Mid-Day Movers 9/25: LUNA, BLD, BEE, TSTR Higher; UCBI, ADAT, RIMM, SWSI Lower
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Notable Analyst Rating Changes 9/25: UAUA, APA, AXP, CAT, FMCN, COL Upgraded; RIMM, ABV, EMCI, MNKD, TXT Downgraded
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Morning Movers 9/25: CBK, ALTH, SLE Higher; UCBI, RIMM, METR, LBIX, CRDC, MNKD Lower
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Keefe, Bruyette & Woods Downgrades EMC Insurance Group (EMCI) to Underperform; Valuation Call

