Argus lowered the firm’s price target on MarketAxess (MKTX) to $205 from $212 and keeps a Buy rating on the shares. The company continues to benefit from increased activity and transparency in the fixed-income markets and has achieved increased trading volume and market share, the analyst tells investors in a research note. Looking ahead, the company’s market share is expected to remain strong as bond investors continue to shift from traditional trading via phone and messaging to electronic exchange-based transactions, the firm added.
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