MarketAxess price target lowered to $274 from $283 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on MarketAxess (MKTX) to $274 from $283 and keeps an Overweight rating on the shares. The firm has become more selective the brokers and exchanges group citing normalized volatility and trading volumes. It prefers rates and credit franchises heading into the Q2 reports. The analyst still sees scope for inflation, interest rates, and tariffs to support rates and credit volumes.