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Fly News Breaks for August 9, 2018
ITG
Aug 9, 2018 | 06:39 EDT
JPMorgan analyst Kenneth Worthington upgraded ITG to Overweight and raised his price target for the shares to $25 from $24. The company's fundamentals are improving as it gains "traction on a number of fronts" that have and will continue to drive higher earnings power over time, particularly outside the U.S., Worthington tells investors in a research note. Further, the analyst believes the pending SEC settlement on operational and reporting shortfalls will have little sustained negative impact.
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