Raymond James analyst Patrick O’Shaughnessy lowered the firm’s price target on Tradeweb Markets (TW) to $134 from $156 and keeps an Outperform rating on the shares. The price target reduction reflects the company’s recent lack of market share momentum, the analyst tells investors in a research note. The firm believes Tradeweb can achieve solid growth in a variety of macroeconomic conditions longer term and expects share gains in key products to drive revenue upside.
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