Barclays analyst Benjamin Budish lowered the firm’s price target on IntercontinentalExchange (ICE) to $201 from $212 and keeps an Overweight rating on the shares as part of a Q3 earnings preview. as part of a Q3 earnings preview. Trading activity was “quite robust” through the quarter, and interest earning assets generally grew across the brokers, though the Federal funds are expected to be a larger headwind than previously modeled, the analyst tells investors in a research note.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ICE:
- Cautious Optimism: Evaluating Intercontinental Exchange’s Strategic Investment in Polymarket
- Intercontinental Exchange Invests $2 Billion in Polymarket
- DraftKings, Flutter slide as NYSE owner invests in Polymarket
- IBM partners with Anthropic, Dell boosts long-term view: Morning Buzz
- Crypto Currents: BNY Mellon, ICE, Morgan Stanley expand crypto services