TD Cowen lowered the firm’s price target on IntercontinentalExchange (ICE) to $175 from $199 and keeps a Buy rating on the shares. The firm said they came off the Q3 conference call a bit more mixed on the intermediate picture and tweaked earnings to reflect less visibility around mortgage technology outlook, deepened by seemingly zealous consensus expectations.
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Read More on ICE:
- IntercontinentalExchange price target lowered to $195 from $202 at Keefe Bruyette
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- IntercontinentalExchange price target lowered to $200 from $215 at UBS
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