IntercontinentalExchange price target raised to $189 from $179 at Barclays

Barclays analyst Benjamin Budish raised the firm’s price target on IntercontinentalExchange (ICE) to $189 from $179 and keeps an Overweight rating on the shares post the Q4 report. The guidance was a bit better than the buy-side feared and ICE raised cost synergy targets, the analyst tells investors in a research note.