Rosenblatt lowered the firm’s price target on MarketAxess (MKTX) to $213 from $234 and keeps a Sell rating on the shares. The firm leaves its estimates unchanged pending September volumes, but believes the consensus Q3 EPS estimate for MarketAxess “is at risk to move nearly 20% lower,” the analyst tells investors. The firm, which reiterates its “Buy TW, Sell MKTX” thesis, adds that August trading activity at Tradeweb Markets (TW) “meaningfully outperformed” MarketAxess.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on MKTX:
- MarketAxess reports August total ADV up 2.3% to $10.4B
- Early notable gainers among liquid option names on August 14th
- MarketAxess to acquire algorithmic trading provider Pragma,no terms
- MarketAxess price target raised to $308 from $296 at Barclays
- Early notable gainers among liquid option names on July 20th