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.
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