Argus keeps a Buy rating and $153 price target on IntercontinentalExchange while also noting that with the uncertainty of the Black Knight acquisition now removed, a higher valuation is warranted. The company is also benefiting from positive trends in its core data business and seeing a better balance between recurring and transaction revenues, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ICE:
- Third Point takes new position in Alphabet, exits U.S. Steel
- IntercontinentalExchange added to Focus List at Citi
- IntercontinentalExchange price target lowered to $150 from $155 at Barclays
- IntercontinentalExchange reports Q1 EPS $1.48, consensus $1.48
- Notable companies reporting before tomorrow’s open
Questions or Comments about the article? Write to editor@tipranks.com