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Tuesday, December 28, 2010

Investment Technology Group (NYSE:ITG) Margins to Improve in 2011

Margins for Investment Technology Group (NYSE:ITG) look like they'll improve in 2011, says Goldman Sachs (NYSE:GS), as higher pricing power could help them overcome weaker international markets.

Margins in the third quarter were due to softer U.S. equity volume.

Goldman raised their EPS estimates by $0.01 for each of the following: 4Q10, 2010, 2011, and 2012 to $0.20, $0.96, $1.21, and $1.36.

Goldman reiterates their "Neutral" rating on Investment Technology Group, which closed Monday at $16.61, up $0.04, or 0.24 percent. They raised their price target on them to $17.

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