BGB Securities

In a report published Friday, BGB Securities reiterated its Buy rating and $27.00 price target on American Safety Insurance Holdings Ltd. (NYSE: ASI). BGB Securities noted, “ASI announced its expected exposure to 4Q12 CAT losses of between $6M and $7M after tax. The losses relate to Hurricane...

In a report published Friday, BGB Securities reiterated its Buy rating and $150.00 price target on IntercontinentalExchange (NYSE: ICE). BGB Securities noted, “On first pass, our $150 target a minimum value for ICE/NYX Yesterday morning IntercontinentalExchange (ICE) announced a definitive...

BGB Securities initiated coverage on Interactive Brokers Group (NASDAQ: IBKR) with a Hold rating and a $14 price target. BGB Securities noted, "The lower risk, faster growth brokerage business has been the focus of the firm over the past few years as the broader market making business has come...

BGB Securities initiated coverage on Tower Group (NASDAQ: TWGP) with a Buy rating and a $25 price target. BGB Securities commented, "A high dividend yield alone should attract investors to TWGP shares. Despite recent setbacks and CAT losses, we believe TWGP is poised to return to low double...

BGB Securities initiated coverage on GAIN Capital Holdings (NYSE: GCAP) with a Hold rating and $4.25 price target. BGB Securities noted, "Even while the firm's institutional business has gained significant traction, related revenue has proven merely a surrogate for declining retail revenue owing...

BGB Securities reiterated its Buy rating on AFC Enterprises (NASDAQ: AFCE) and increased its price target to $30 per share. BGB Securities noted, “We are reiterating our Buy rating and raising our price target to $30 after posting another solid quarter. AFCE posted same store sales (SSS) of 6.3...

BGB Securities initiated coverage on FXCM (NYSE: FXCM) with a Buy rating and a $11 price target. BGB Securities commented, "We view FXCM as a way to gain access to an eventual macro recovery with limited downside in the interim accorded by maneuverability FXCM's smaller size affords. While...

BGB Securities raised its rating on IntercontinentalExchange (NYSE: ICE) to Buy and increased its price target from $145 to $150. BGB Securities noted, "We are raising our price target on ICE to $150 from $145 as we raise our P/E multiple to reflect lower exposure regulatory risk as well as...

Listed below are today's Top Initiations covered by Benzinga: Sterne Agee Initiates State Bank Financial (NASDAQ: STBZ) at Neutral: Sterne Agee went on to say “We are favorably disposed to the strategy, management and long-term prospects, but lack near-term visibility on deal flow to deploy...

BGB Securities initiates its coverage on Matthews International Corp (NASDAQ: MATW) with a Buy rating and a price target of $40. BGB Securities comments, "Near-term headwinds should not be allowed to obscure the excellent long-term investment opportunity that MATW shares currently present. While...

In a report published earlier today, BGB Securities, Inc. reiterated its Buy rating and $37.00 price target for CarMax, Inc. (NYSE: KMX). BGB Securities went on to say “KMX turned in disappointing 1Q results, but we believe that the causes are temporary in nature. KMX reported 1Q13 results on...

BGB Securities raises its rating on E TRADE Financial Corporation (NASDAQ: ETFC) but lowers its price target from $8.50 to $7.50 on revised estimates. BGB Securities notes, "We are raising our rating on ETFC shares to Hold from Sell as we believe limited downside to the shares remain. In...

In a report published earlier today, BGB Securities reiterated its Buy rating and $50.00 price target for Scotts Miracle-Gro Co. (NYSE: SMG). BGB went on to say “After the market close on Tuesday, June 12th, SMG announced that they would miss the low-end of previous FY12 EPS guidance of $2.65-$2....

In a report published earlier today, BGB Securities Inc. reiterated its Buy rating and $45.00 price target for Gaylord Entertainment Company (NYSE: GET). BGB said in its report “GET has agreed to sell the Gaylord brand and the right to manage it to Marriott for $210 million in cash. GET will be...

BGB Securities maintained its AmTrust Financial Services (NASDAQ: AFSI) Buy rating in a research report published today. BGB Securities has a $33 price target on the company. In the report, BGB Securities stated, "Fee income was much higher as the company is seeing more business entering assigned...