Piper Sandler analyst Patrick Moley raised the firm’s price target on Miami International (MIAX) to $48 from $39 and keeps an Overweight rating on the shares. The third quarter was a mixed bag for exchange and trading companies, the firm says. Heading into Q4, Piper expects significant investor attention to the overall health of the retail trader, emerging trends in areas like tokenization and prediction markets, and the outlook for global capital markets activity into year-end.
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