BofA analyst Craig Siegenthaler lowered the firm’s price target on Interactive Brokers to $128 from $131 and keeps a Buy rating on the shares after the company reported “better than expected core earnings,” but its Chairman “talked down” forward long-term account growth prospects. The firm, which believes the company was “looking to reposition their target into a more conservative range that they can beat in the future,” is reducing its EPS forecasts for Q4, 2024 and 2025, but notes it still forecasts 20% upside to consensus.
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