Marex Group price target lowered to $50 from $52 at Barclays

Barclays lowered the firm’s price target on Marex Group (MRX) to $50 from $52 and keeps an Overweight rating on the shares following the Q2 report. The company reported an earnings beat and its sales momentum continued into July, the analyst tells investors in a research note. The firm believes Marex also provided a strong rebuttal to a recent short report, answering many key questions.