Marex Group price target raised to $32 from $30 at Piper Sandler

Piper Sandler analyst Patrick Moley raised the firm’s price target on Marex Group (MRX) to $32 from $30 and keeps an Overweight rating on the shares following third quarter earnings. Marex reported adjusted profit after tax of $57.5M and raised its FY24 adjusted operating profit guidance to $300M-$305M from $280M-$290M previously, Piper told investors.