Barclays analyst Benjamin Budish downgraded Tradeweb Markets (TW) to Equal Weight from Overweight with a price target of $121, down from $132. The firm views the shares as more fairly valued at current levels. The stock is trading at a “healthy premium” to the rest of the exchange group, but Tradeweb faces a relatively more challenging go-forward environment for fixed income trading, the analyst tells investors in a research note.
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Read More on TW:
- Tradeweb Markets price target lowered to $189 from $192 at BofA
- Tradeweb Markets: Balancing Strong Growth with Emerging Challenges – Hold Recommendation
- Tradeweb Markets reports November trading volume of $56.8T
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- Tradeweb Markets reports October total trading volume $65.4T