UPDATE: Citigroup Raises PT to $13.25 on FXCM on Strong January Metrics

Citigroup maintained FXCM

with a Neutral rating and raised the price target from $11.00 to $13.25. Citigroup noted, "Raise Target $2.25 To $13.25 — Due to higher EPS outlook. While we prefer WETF to play Yen weakness, FXCM should also benefit. Given strong incremental margins for FXCM, such pick up in volumes could pace solid EPS lift. However, given the sharp YTD move, we think much good news has quickly been discounted." FXCM closed at $13.30 on Monday.