Miami International initiated with a Market Perform at Raymond James

Raymond James analyst Patrick O’Shaughnessy initiated coverage of Miami International (MIAX) with a Market Perform rating and no price target Miami International has achieved consistent and healthy U.S. options market share gains since its launch in late 2012, while also benefiting from healthy market volume growth, the analyst tells investors in a research note. Despite a number of positive attributes, the firm thinks the stock’s post-IPO run up has resulted in a balanced risk/reward at current levels.