Barclays lowered the firm’s price target on MarketAxess (MKTX) to $186 from $200 and keeps an Equal Weight rating on the shares as part of a Q3 earnings preview for the exchanges. Volumes across the futures grew quarter-over-quarter amid lower volatility while options saw “nice growth,” the analyst tells investors in a research note. Barclays doe snot expect too many surprises with the Q3 reports.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MKTX:
- MarketAxess price target lowered to $240 from $255 at UBS
- MarketAxess Holdings: Positive Outlook with Strategic Growth in Emerging Markets and Eurobonds
- MarketAxess: Strategic Initiatives and Strong International Performance Drive Buy Rating
- MarketAxess announces September volume statistics
- MarketAxess price target lowered to $253 from $274 at Morgan Stanley