MarketAxess price target raised to $240 from $232 at Barclays

Barclays analyst Benjamin Budish raised the firm’s price target on MarketAxess (MKTX) to $240 from $232 and keeps an Equal Weight rating on the shares. The company’s Q1 earnings beat Street estimates on lower spending, more than offsetting a modest sales miss, the analyst tells investors in a research note. The firm says MarketAxess’ credit share improved sequentially.