BofA raised the firm’s price target on IntercontinentalExchange (ICE) to $251 from $240 and keeps a Buy rating on the shares. The results rebutted investor concerns around AI disruption with accelerating growth in the businesses that are most under the microscope, the analyst tells investors in a research note. The firm added that, although it originally anticipated that the spike in Euro rates volatility would eventually cause market participants to pull back, volume growth has been relattively robust.
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