Barclays analyst Benjamin Budish lowered the firm’s price target on MarketAxess (MKTX) to $182 from $188 and keeps an Equal Weight rating on the shares. The firm updated targets in the brokers, asset managers and exchanges group ahead of the Q4 reports. Total volumes across equities, options, and futures “rose nicely” quarter-over-quarter and volatility picked up sequentially, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MKTX:
- MarketAxess announces December, Q4 trading volume statistics
- MarketAxess price target lowered to $204 from $209 at Morgan Stanley
- MarketAxess price target lowered to $205 from $212 at Argus
- MarketAxess price target lowered to $167 from $176 at BofA
- MarketAxess buybacks will be ‘highly accretive,’ says William Blair