MarketAxess price target lowered to $225 from $256 at Barclays

Barclays lowered the firm’s price target on MarketAxess (MKTX) to $225 from $256 and keeps an Equal Weight rating on the shares. The company’s Q4 earnings beat Street estimates, though the focus remains on credit market share, which fell in January, the analyst tells investors in a research note. The firm says that with macro and competitive factors weighing on market share, investors are increasingly looking for proof points that MarketAxess can “electronify” the block market in U.S. credit.