MarketAxess price target lowered to $225 from $236 at Barclays

Barclays analyst Benjamin Budish lowered the firm’s price target on MarketAxess to $225 from $236 and keeps an Equal Weight rating on the shares following the Q1 report. The company’s earnings beat on lower spending, while revenue came in light primarily due to lower fixed revenues versus expectations, the analyst tells investors in a research note.