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IntercontinentalExchange price target raised to $124 from $119 at Morgan Stanley

Morgan Stanley raised the firm’s price target on IntercontinentalExchange to $124 from $119 and keeps an Equal Weight rating on the shares. The firm, which has refreshed its model post Q3 earnings results, is lowering its 2024 adjusted EPS forecast by 3.3% and 2025 adjusted EPS by 4%.

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