Ashley N. Serrao

In a report published Friday, Credit Suisse analyst Ashley N. Serrao initiated coverage of Investment Technology Group (NYSE: ITG) with an Outperform rating and $29 price target. The analyst believes that the company's global dark pool offering is an underappreciated asset with "secular and...

In a report published Monday, Credit Suisse analyst Ashley N. Serrao reiterated an Underperform rating on FXCM Inc. (NYSE: FXCM), but lowered the price target from $3.75 to $2.60. In the report, Credit Suisse noted, "Yesterday, after the close FXCM reported 4Q adjusted EPS of $0.20 (vs. CS: $0.18,...

In a report published Thursday, Credit Suisse analyst Ashley N. Serrao downgraded the rating on State Street Corp. (NYSE: STT) from Outperform to Neutral, but reiterated the $78.00 price target. In the report, Credit Suisse noted, "Marking to market for the current Fed Funds curve (flatter since...

In a report published Tuesday, Credit Suisse analyst Ashley N. Serrao reiterated an Outperform rating on Lazard Ltd. (NYSE: LAZ), and raised the price target from $57.83 to $59.00. In the report, Credit Suisse noted, "On Friday afternoon, Lazard announced the offering of $400 million of senior...

In a report published Friday, Credit Suisse analyst Ashley N. Serrao reiterated an Outperform rating on NASDAQ OMX Group (NASDAQ: NDAQ), but lowered the price target from $57.00 to $55.00. In the report, Credit Suisse noted, “NDAQ reported 4Q GAAP EPS of $0.50. Reported results excluded $97 million...

In a report published Tuesday, Credit Suisse analyst Ashley N. Serrao reiterated an Underperform rating on FXCM Inc (NYSE: FXCM), but lowered the price target from $4.00 to $3.75. In the report, Credit Suisse noted, “Last night FXCM put out an official press release detailing the terms of the...

FXCM Inc's (NYSE: FXCM) market makers stepped away from the Swiss Franc Thursday, leaving the company unable to close losing client positions, an analyst said Friday. Credit Suisse's Ashley N. Serrao called the fiasco "a tragic turn of events," and said its critical that FXCM...

Credit Suisse raised its price target on NASDAQ OMX Group, Inc. (NASDAQ: NDAQ) from $44 to $57 and maintained an Outperform rating. After meeting with Hans-Ole Jochumsen, President of Global Trading and Market Services for NASDAQ, analyst Ashley N. Serrao believed “the next leg of the...

In a report published Friday, Credit Suisse analyst Ashley N. Serrao reiterated an Underperform rating and $52.00 price target on MarketAxess Holdings (NASDAQ: MKTX). In the report, Credit Suisse noted, “After the market close, MarketAxess reported September business trends. Adjusted investment...

In a report published Thursday, Credit Suisse analyst Ashley N. Serrao reiterated an Underperform rating and $52.00 price target on MarketAxess (NASDAQ: MKTX). In the report, Credit Suisse noted, “Overall volumes fell short of our expectations and decreased 14% yr/yr and were down 1% mth/mth but...

In a report published Tuesday, Credit Suisse analyst Ashley N. Serrao upgraded the rating on NASDAQ OMX Group (NASDAQ: NDAQ) from Neutral to Outperform, and raised the price target from $40.00 to $42.00. In the report, Credit Suisse noted, “We view recent share price weakness from concerns around...