MF Global Rating Remains A Hold

MF Global Holdings Ltd. (NYSE: MF) Rating remains a Hold.

Deutsche Bank in a research report today writes "We recently met with MF Global's CEO Jon Corzine and CFO Randy MacDonald, and while the current environment remains challenging (weak volumes and low interest rates), management continues to make progress on its strategic
transformation and is optimistic on its medium-to-long-term outlook.

While we expect management to ultimately be successful in building out the business and transitioning to a broker-dealer model, we expect it to take time and a stronger credit / capital position. We see modest upside and maintain our Hold rating."

MF Closed Monday at $7.35