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UPDATE: Raymond James Upgrades KCG Following Investor Dinner

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In a report published Monday, Raymond James analyst Patrick O'Shaughnessy upgraded the rating on KCG Holdings (NYSE: KCG) from Market Perform to Outperform, and named a $13.00 price target.

In the report, Raymond James noted, “We are upgrading shares of KCG Holdings to Outperform from Market Perform and establishing a target price of $13. After hosting an investor dinner with KCG management last week we are more confident that legacy Getco business has stabilized in recent quarters. In addition, we are encouraged by updated cost synergy guidance that provides more certainty around improved earnings over the next several quarters.”

KCG closed on Friday at $10.65.

Latest Ratings for KCG

DateFirmActionFromTo
Apr 2017Wells FargoDowngradesOutperformMarket Perform
Oct 2016BarclaysMaintainsEqual-Weight
Aug 2016BarclaysMaintainsEqual-Weight

View More Analyst Ratings for KCG
View the Latest Analyst Ratings

 

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

Latest Ratings

StockFirmActionPT
GIKColliers SecuritiesInitiates Coverage On14.0
SANWLake StreetInitiates Coverage On6.0
LILAMorgan StanleyDowngrades15.0
BEJP MorganUpgrades36.0
NEXACredit SuisseUpgrades11.0
View the Latest Analytics Ratings
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