BofA lowered the firm’s price target on MarketAxess (MKTX) to $180 from $189 and keeps an Underperform rating on the shares. The firm is updating EPS estimates to embed volume and fee rate disclosures and making modest modeling revisions ahead of U.S. exchange earnings over the next few weeks, the analyst tells investors in a preview for the group.
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Read More on MKTX:
- MarketAxess resumed with an Outperform at Keefe Bruyette
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- MarketAxess announces March, Q1 volume statistics
- Argus downgrades MarketAxess to Hold on lower volume expectations
- MarketAxess downgraded to Hold from Buy at Argus