Interactive Brokers Downgraded (IBKR)
Keefe Bruyette & Woods analyst Niamh Alexander downgraded shares of Interactive Brokers (NASDAQ: IBKR) today from "market perform" to "underperform." He cited the electronic broker's exposure to market volatility for the downgrade. Alexander also lowered his price target from $17 to $15. Interestingly, however, the analyst raised his estimates for IBKR's first quarter and full year. He raised Q1 earnings estimates from 15 cents to 24 cents and full year 2010 EPS from $0.83 to $1.03.
Interactive Brokers Group, Inc. (IBKR) is an automated global electronic market maker and broker specializing in routing orders and executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on more than 80 electronic exchanges and trading venues worldwide.
