Morgan Stanley raised the firm’s price target on MarketAxess (MKTX) to $308 from $284 and keeps an Equal Weight rating on the shares. In its Q4 preview for the Brokers & Exchanges, the firm argues “it’s too early to pivot away from the exchanges given mixed macro signals,” but adds that investors should “prepare to be nimble for idiosyncratic and attractive growth opportunities.” For now, the firm continues to prefer what it sees as the “defensive and durable growth” at Cboe Global Markets (CBOE) and Tradeweb Markets (TW), the analyst tells investors in the group preview note.
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Read More on MKTX:
- MarketAxess downgraded to Equal Weight from Overweight at Barclays
- MarketAxess price target raised to $229 from $203 at Rosenblatt
- Tradeweb Markets price target raised to $103 from $99 at Rosenblatt
- MarketAxess reports Q4 trading volume up 9% year-over-year
- Broadwind to sell $15M IRA advanced manufacturing tax credits
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