Barclays analyst Benjamin Budish raised the firm’s price target on Tradeweb Markets (TW) to $153 from $149 and keeps an Overweight 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.
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Read More on TW:
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- Tradeweb Markets, Tokyo Stock Exchange team to expand liquidity in Japanese ETFs
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