Deutsche Bank Reports On MF Management Meeting Takeaways

Deutsche Bank has published a report on MF Global MF following meetings with the CEO and CFO. According to Deutsche Bank, "We recently had MF Global's CEO, Jon Corzine, and newly appointed CFO (effective April 1), Henri Steenkamp, on the road, and while the current environment is mixed (improving volumes offset by low rate pressures), management is making progress on its repositioning and is optimistic on its strategic plan over the medium-to-long term. While we view the long term risk/reward in MF as attractive, given some more time needed for the transition as well as some near term headwinds, we maintain our Hold rating." MF is rated Hold and has a $9.00 Price Target. MF closed at $8.07 a share yesterday.