Information Provided By:
Fly News Breaks for March 16, 2017
KCG, VIRT
Mar 16, 2017 | 08:33 EDT
UBS analyst Alex Kramm sees the potential for significant execution risk if Virtu Financial (VIRT) succeeds in its bid for KCG Holdings (KCG). Kramm questions whether the bid for KCG signals Virtu has lost patience with the macro environment and with its attempt at growth if they are willing to bring on a decent amount of execution risk. As a result, the analyst feels perhaps Virtu was not as well positioned as once thought. However, Kramm maintained his Buy rating and $20 price target on Virtu shares.
News For VIRT;KCG From the Last 2 Days
There are no results for your query VIRT;KCG