UPDATE: Citigroup Raises PT to $13.25 on FXCM on Strong January Metrics
Posted on February 12, 2013 at 13:23 PM EST
Citigroup maintained FXCM (NYSE: FXCM ) with a Neutral rating and raised the price target from $11.00 to $13.25. Citigroup noted, "While we prefer WETF to play Yen weakness, FXCM should also benefit. Given strong incremental margins for FXCM, such pick up in volumes could pace solid EPS lift.