Barclays raised the firm’s price target on Marex Group (MRX) to $55 from $50 and keeps an Overweight rating on the shares following the investor day. The firm says management “struck a confident tone” in the outlook for the business. Marex sees multiple opportunities to support it sales growth, as well as AI-related opportunities that could drive upside to margins, the analyst tells investors in a research note. Barclays says the company’s preliminary Q1 estimates appear well ahead of the Street.
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