Piper Sandler analyst Richard Repetto lowered the firm’s price target on Interactive Brokers to $115 from $120 and keeps an Overweight rating on the shares. The Q1 earnings miss was mostly driven by the company’s decision to sell securities, shorten duration and increase yield going forward, the analyst tells investors in a research note.
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Published first on TheFly
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Read More on IBKR:
- Interactive Brokers price target raised to $141 from $138 at BofA
- Interactive Brokers price target lowered to $97 from $99 at Barclays
- Interactive Brokers price target raised to $100 from $95 at Citi
- Interactive Brokers reports Q1 adjusted EPS $1.35, consensus $1.41
- Interactive Brokers options imply 3.7% move in share price post-earnings