TradeStation Group, Inc. (TRAD) Downgraded To Market Perform

Analyst Matt Snowling at FBR Capital Markets (NASDAQ: FBCM) has downgraded TradeStation Group, Inc. (NASDAQ: TRAD) from an Outperform to a Market Perform rating. The price target for TradeStation Group, Inc. has been lowered from $9 to $8.

According to FBR Capital Markets, the rating downgrade reflects their view that the company is facing rising expense pressures, and lacks any near-term catalyst to provide any upside.

FBR believes that the company could offset some of the downside to EPS by buying back its shares. However, FBR does not expect the company to implement a share buyback program despite having a strong cash position.