Keefe, Bruyette & Woods Reiterates Market Perform on Investment Tech Group (ITG)

Keefe, Bruyette & Woods Reiterates is out with a research report this morning, where it reiterates its Market Perform rating on Investment Tech Group ITG; it has a $15.00 price target on the stock. The KBW analysts said that management remains upbeat about how its company is positioned for a favorable turn in mutual fund and investment flows. However, not managing the business on this hope alone, we sense that the transformational type deal that management publicly discussed might soon come to pass. We also infer from comments that freeing up cash for share repurchases is a big priority and we could hear something soon.” Investment Technology Group is a securities broker that offers a sophisticated set of products and trading venues to meet all aspects of the trading continuum. This technology-driven broker operates in the U.S. and internationally.