KBW Maintains Outperform on MF Global

KBW is out with its report today on MF Global

, maintaining Outperform. In a note to clients, KBW writes, "We caught up with MF's Brad Abelow, Chief Operating Officer, whose team remains zeroed in on transforming MF's earnings power and mix. Senior management sees substantial opportunity in the long term transformation of the business to an investment bank. Meantime, controlling costs while diversifying the revenue stream are key to returning the company to profitability and eventually, targeted double-digit ROEs." KBW maintains an $11 PT on MF. Shares of MF closed Friday at $7.50, down 1.57% from Thursday's close.