J.P. Morgan Maintains Rating, PT On MF

J.P. Morgan, after meeting with the company's management, is maintaining its Overweight rating ant a price target of $10 On MF Global MF. Says J.P. Morgan, in its report, “MF continues to be in transition with meaningful efforts to diversify its revenue base while moving from a broker to a Broker/Dealer in about a year and to an IB model in 3-5 years. So while the business remains choppy, management continues to make progress at remaking MF.” MF closed yesterday at $8.27.