Morgan Stanley downgraded Tradeweb Markets (TW) to Equal Weight from Overweight with a price target of $148, down from $159. In a tougher macro backdrop with greater need to hedge risks, the firm sees less scope for premium valuation to extend at Tradeweb, the analyst tells investors in a research note.
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Read More on TW:
- Tradeweb Markets downgraded to Equal Weight from Overweight at Morgan Stanley
- Tradeweb Markets price target raised to $177 from $149 at Barclays
- Tradeweb Markets: Strong Volume Growth and Market Share Gains Drive Buy Rating
- Tradeweb Markets: Strong Growth and Market Position Justify Buy Rating
- Tradeweb Markets reports March trading volume $59.6T, ADV up 49.9% to $2.71T
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