FBR Capital Markets reiterated its Outperform rating for TradeStation Group (TRAD), citing the company's November client metrics.
The firm also kept its $9.00 price target for the stock.
In a note to clients, FBR stated that while TradeStation deserves a discount to competitors due to its less diversified revenue stream, "we would view TradeStation as one of the biggest beneficiaries in the group should rates begin to move higher."
Before the opening bell, the company said that it saw a 6.1 percent sequential decline in daily average revenue trades in November. However, assets were up 1.1 percent from the end of October and the decline in volatility over November suggested that trading activity may have been front-loaded during the month.
TradeStation is lower on Wednesday, slipping 5 cents to $7.24 in mid-day trading. Last week, the stock reached its lowest level in more than 2 months.
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