Fly News Breaks for March 18, 2015
LUK, FXCM
Mar 18, 2015 | 06:37 EDT
Citi lowered its price target for FXCM (FXCM) shares to 50c after its "fresh look" at the business indicated the equity is worth less than it previously thought. Citi says the rescue financing by Leucadia (LUK) "all but wipes out the equity." It keeps a Sell rating on FXCM.
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