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Fly News Breaks for January 12, 2016
IBKR
Jan 12, 2016 | 07:00 EDT
Goldman analyst Conor Fitzgerald downgraded Interactive Brokers to Sell from Neutral and lowered his price target to $40 from $46 on shares. Fitzgerald said the company's superior growth prospects are reflected in valuation and sees several near-term headwinds ahead that include lower margin balances, the slowdown in Asia, and declining commission rates.
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