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Tradeweb Markets price target raised to $138 from $123 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Tradeweb Markets (TW) to $138 from $123 and keeps an Equal Weight rating on the shares. Better Q1 earnings for brokers and exchanges should modestly beat consensus, but the firm sees modest forward estimate risk and notes in a preview for the group that its forecasts for the group are now 4%-5% below consensus in 2026-27 on average.

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