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UPDATE: Raymond James Upgrades Gain Capital as Outlook Has Greatly Improved


In a report published Monday, Raymond James analyst Patrick O'Shaughnessy upgraded the rating on Gain Capital Holdings (NYSE: GCAP) from Market Perform to Outperform, and named a $14.00 price target.

In the report, Raymond James noted, “We are upgrading shares of GAIN Capital to Outperform from Market Perform and establishing a $14 target price after a convertible bond issuance resulted in a nearly 20% drop in the firm's share price. In our view, GAIN's outlook has greatly improved over the past year, highlighted by institutional market share gains, acquisition-driven accretion, and the hiring of a permanent CEO, and last week's sell-off creates an attractive entry point.”

Gain Capital closed on Friday at $8.86.

Latest Ratings for GCAP

Jun 2020B. Riley FBRDowngradesBuyNeutral
Feb 2020JP MorganDowngradesOverweightNeutral
Sep 2019B. RileyInitiates Coverage OnBuy

View More Analyst Ratings for GCAP
View the Latest Analyst Ratings


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Posted-In: Patrick O'Shaughnessy Raymond JamesAnalyst Color Upgrades Analyst Ratings

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ICADGuggenheimInitiates Coverage On24.0
SMBKRaymond JamesUpgrades27.0
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