Keefe, Bruyette & Woods Maintains Outperform Rating On Duff & Phelps

According to Keefe, Bruyette & Woods, Duff & Phelps

Outperform rating is maintained. Keefe, Bruyette & Woods said that DUF 2Q11 missed the estimate as well as consensus by $0.04 on higher exp. despite fairly in-line total revenues. “Lowering 2011 est. to $0.78, maintaining 2012 est. at $1.06, price target cut to $16 on lower multiple expectations.” Duff & Phelps closed yesterday at $11.63.