Goldman Sachs Maintains Neutral on GFI Group (GFIG)

Goldman Sachs is out with its report today on GFI Group (NASDAQ: GFIG), maintaining Neutral.

In a note to clients, Goldman Sachs writes, "GFIG held its annual investor day yesterday (May 16), which will be followed up by a similar day in London. Broadly, the firm continues to view its opportunity set optimistically around volume growth, SEF positioning, and ability to leverage its platform to drive pre-tax margin growth. However, the shift to electronic trading may take a few years as regulatory implementation will not occur immediately, and in that time period we expect GFIG to maintain its recent muted growth trajectory and investment spend in its technology platform."

Goldman Sachs maintains a $5.75 PT on GFIG.

Shares of GFIG closed Monday at $4.48, down 4.07% from Friday's close.