Barclays Maintains an 'Equalweight' on MF Global (MF); Quarterly Preview
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Price: $13.87 +12.31%
Rating Summary:
4 Buy, 3 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 3 | Down: 5 | New: 34
Rating Summary:
4 Buy, 3 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 3 | Down: 5 | New: 34
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Barclays maintains an 'Equalweight' on MF Global (NYSE: MF) price target of $8.00.
Barclays analyst says, "We are taking the opportunity to update our estimates for MF ahead of earnings later this week. As reflected in our recent updates for a majority of our exchange names, calendar 2Q11 industry volumes came in slightly better than we had forecast for the quarter. In addition, we believe MF may not see the same marked slowdown in principal transactions as we have seen in some of the larger broker dealer's FICC businesses this quarter. Both developments provide upside vs. our prior f1Q12 EPS estimate and make us slightly more positive on the name...Given the above assumptions, we are raising our f1Q12 EPS estimate to $0.05 from $0.02. Our FY1012 moves to $0.35 from $0.27 and our FY2013 moves to $0.67 from $0.59."
For more ratings news on MF Global click here and for the rating history of MF Global click here.
Shares of MF Global closed at $7.62 yesterday.
Barclays analyst says, "We are taking the opportunity to update our estimates for MF ahead of earnings later this week. As reflected in our recent updates for a majority of our exchange names, calendar 2Q11 industry volumes came in slightly better than we had forecast for the quarter. In addition, we believe MF may not see the same marked slowdown in principal transactions as we have seen in some of the larger broker dealer's FICC businesses this quarter. Both developments provide upside vs. our prior f1Q12 EPS estimate and make us slightly more positive on the name...Given the above assumptions, we are raising our f1Q12 EPS estimate to $0.05 from $0.02. Our FY1012 moves to $0.35 from $0.27 and our FY2013 moves to $0.67 from $0.59."
For more ratings news on MF Global click here and for the rating history of MF Global click here.
Shares of MF Global closed at $7.62 yesterday.
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