TD Cowen analyst Bill Katz raised the firm’s price target on Tradeweb Markets (TW) to $153 from $142 and keeps a Buy rating on the shares. Ahead of the Q1 reports, the firm reduced estimates for asset managers and retail brokers, and increased numbers for the exchanges. Charles Schwab (SCHW) remains TD’s top overall pick, followed by Apollo Global (APO). The analyst also added Janus Henderson (JHG) to the firm’s top three picks, replacing Blackstone (BX).
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Read More on TW:
- Tradeweb Markets downgraded to Equal Weight at Morgan Stanley on valuation
- 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
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