Interactive Brokers price target lowered to $106 from $109 at Barclays

Barclays analyst Benjamin Budish lowered the firm’s price target on Interactive Brokers to $106 from $109 and keeps an Overweight rating on the shares. The company’s net interest income missed Street expectations in Q4 and it did not announce any incremental capital return to the disappointment of some investors, the analyst tells investors in a research note. However, Interactive’s growth is otherwise healthy and the fundamentals of the business are “nicely intact,” says the firm.