Interactive Brokers price target lowered to $65 from $193 at Barclays

Barclays lowered the firm’s price target on Interactive Brokers (IBKR) to $65 from $193 and keeps an Overweight rating on the shares. Heading into the Q2 reports for the brokers, asset managers and exchanges, the firm says trading activity was “generally robust” through the quarter. The Federal funds rate remains supportive for net interest income through the rest of the year, the analyst tells investors in a research note. Barclays sees the trading environment as “fairly robust.”