IntercontinentalExchange price target raised to $195 from $185 at UBS

UBS raised the firm’s price target on IntercontinentalExchange (ICE) to $195 from $185 and keeps a Buy rating on the shares. IntercontinentalExchange delivered better than expected results in Q4, and the mortgage business now looks positioned to outperform in a better environment, the analyst tells investors in a research note. The firm remains constructive on the shares with the setup seemingly better.