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Interactive Brokers initiated with an Outperform at BMO Capital

BMO Capital initiated coverage of Interactive Brokers (IBKR) with an Outperform rating and $82 price target Strong growth helps to ease valuation concerns, and Interactive Brokers leads on growth while being less dependent on broad retail sentiment than perceived, the analyst tells investors in a research note. Interactive Brokers also effectively fills gaps left by large brokers, such as prime brokerage for small hedge funds, and even offers some crypto optionality, the firm added.

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