GAIN Capital Reports First Quarter 2017 Results

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Gain Capital Holdings (GCAP) PT Lowered to $9 at Jefferies; Reiterates Buy

May 8, 2017 7:23 AM EDT

Jefferies lowered its price target on Gain Capital Holdings (NYSE: GCAP) to $9.00 (from $10.00) while maintaining a Buy rating. GCAP reported 1Q adjusted EPS of -($0.39) compared to the consensus of (-$0.24). Net revenues of $59.6M came in modestly below $62M estimates. Total expenses... More