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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- IntercontinentalExchange boosts dividend 11% to 42c per share
- IntercontinentalExchange sees Q4 operating expenses 1.21B-$1.22B
- IntercontinentalExchange reports Q3 EPS $1.46, consensus $1.39
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