Barclays raised the firm’s price target on IntercontinentalExchange to $179 from $167 and keeps an Overweight rating on the shares as part of a Q3 earnings preview for the brokers, asset managers and exchanges. The firm believes we continue to get closer to a “normal” market environment, with the initial public market and merger markets “showing signs of life” and rate expectations “driving renewed optimism.” However, Q3 itself has seen softer than expected activity, the analyst tells investors in a research note.
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Read More on ICE:
- IntercontinentalExchange price target raised to $185 from $174 at Raymond James
- IntercontinentalExchange price target raised to $175 from $168 at BofA
- ICE: September total average daily volume up 29%,open interest up 16% y/y
- IntercontinentalExchange price target raised to $185 from $171 at Goldman Sachs
- RBC Has a New Play for Investors: ‘Go Long on US Exchange Stocks’
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