MarketAxess price target raised to $265 from $250 at Citi

Citi raised the firm’s price target on MarketAxess (MKTX) to $265 from $250 and keeps a Buy rating on the shares following the Q1 report. While the company’s environment has softened from April peaks, it remains healthy with wider spreads and higher velocity verses Q1 levels, the analyst tells investors in a research note. The firm continues to like the story given its view of the environment moving forward and potential impact from new investments.