Replies to post #15368 on Global Brokerage Inc. (GLBR)

[PennyStockInvestor]

FXCM price target lowered to 50c from 75c at Citigroup

Citi lowered its price target for FXCM (FXCM) shares to 50c after its "fresh look" at the business indicated the equity is worth less than it previously thought. Citi says the rescue financing by Leucadia (LUK) "all but wipes out the equity." It keeps a Sell rating on FXCM