BofA lowered the firm’s price target on Tradeweb Markets (TW) to $201 from $209 and keeps a Buy rating on the shares. The firm reduced its near-term market share estimates for Tradeweb and MarketAxess (MKTX) to account for the ongoing slowdown in industrywide portfolio trading volume and Trumid’s share gains in request for quote and portfolio trading, the analyst tells investors.
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