Estoques financeiros: Raymond James, Knight Capital da palavra upgrade

server temporarily unavailable
server temporarily unavailable
By Greg Morcroft, MarketWatch

NEW YORK (MarketWatch) — Upgrades for Raymond James Financial Inc. and Knight Capital Group Inc. lifted the two companies’ shares in early trading on Wednesday as the broader financial sector also moved higher.

Goldman Sachs upgraded both Raymond James /quotes/zigman/239604/quotes/nls/rjf RJF +0.09%  and Knight /quotes/zigman/378317/quotes/nls/kcg KCG +1.05%  to buy, saying that the companies have, respectively, “acquisition optionality” and “too much upside to ignore.”

Goldman’s analysts said in a note that they see an option of increased asset-manager exposure at Raymond James and that investors have overlooked Knight Capital’s positives.

Also Wednesday, CBOE Holdings Inc. /quotes/zigman/118354/quotes/nls/cboe CBOE -1.89% was downgraded to sell because of a delayed contract and Stifel Financial Corp. /quotes/zigman/242086/quotes/nls/sf SF -3.41%  was put on Goldman’s neutral list, as the analysts await stability in estimates.

Further, the analysts reiterated a conviction list-buy rating on Evercore Partners Inc. /quotes/zigman/419442/quotes/nls/evr EVR +0.55% , a buy recommendation on LPL Investment Holdings Inc. /quotes/zigman/1459925/quotes/nls/lpla LPLA -0.93%  and sell ratings on Greenhill & Co. /quotes/zigman/343735/quotes/nls/ghl GHL -2.46%   and Jefferies Group Inc. /quotes/zigman/188140/quotes/nls/jef JEF -0.33% .

In the broader financial sector, the Financial Select Sector SPDR ETF /quotes/zigman/246222/quotes/nls/xlf XLF -0.10% , which tracks financial components in the S&P 500 Index /quotes/zigman/3870025 SPX -0.07% , added a fraction.

Among the quartet of financial stocks in the Dow Jones Industrial Average /quotes/zigman/627449/delayed DJI +0.05% , Bank of America Corp. /quotes/zigman/190927/quotes/nls/bac BAC -0.09% , J.P. Morgan Chase & Co. /quotes/zigman/272085/quotes/nls/jpm JPM -0.05%  and American Express Co. /quotes/zigman/217470/quotes/nls/axp AXP -0.41%  all rose, while Travelers Cos. /quotes/zigman/455344/quotes/nls/trv TRV +0.10%   fell.

/quotes/zigman/239604/quotes/nls/rjf /quotes/zigman/378317/quotes/nls/kcg /quotes/zigman/118354/quotes/nls/cboe /quotes/zigman/242086/quotes/nls/sf /quotes/zigman/419442/quotes/nls/evr /quotes/zigman/1459925/quotes/nls/lpla /quotes/zigman/343735/quotes/nls/ghl /quotes/zigman/188140/quotes/nls/jef /quotes/zigman/246222/quotes/nls/xlf /quotes/zigman/3870025 /quotes/zigman/627449/delayed /quotes/zigman/190927/quotes/nls/bac /quotes/zigman/272085/quotes/nls/jpm /quotes/zigman/217470/quotes/nls/axp /quotes/zigman/455344/quotes/nls/trv Greg Morcroft is MarketWatch's financial editor in New York.

View the original article here