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Fly News Breaks for April 21, 2017
KCG, VIRT
Apr 21, 2017 | 07:15 EDT
UBS analyst Alex Kramm raised his price target on Virtu Financial (VRTU) to $19 from $17 following the company's agreement to buy KCG Holdings (KCG). The analyst notes Virtu gains access to KCG's institutional client base and sees 25% accretion in a tough environment and more if trends improve. Kramm reiterated his Buy rating on Virtu shares.
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