MFG is another high beta recovery stock that MM bought last week which has also enjoyed a strong rally from its recent lows, this time to the tune of +14%. We believe improving performance will drive better FUM flow and some more pronounced capital management could also spice things up leading to a re-rating on the upside.
- We are targeting a strong rally, initially toward the $12 area.
MM is long and bullish toward MFG
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