MarketAxess price target lowered to $260 from $289 at Barclays

Barclays analyst Benjamin Budish lowered the firm’s price target on MarketAxess (MKTX) to $260 from $289 and keeps an Equal Weight rating on the shares. The macro backdrop looks constructive going into 2025 for the brokers, asset managers and exchanges, the analyst tells investors in a research note. The firm is increasingly constructive on the alternative asset managers, where an “unleash” of transacting has been growing and looks set to happen, and brokers, where it sees healthy earnings growth opportunities.