BofA lowered the firm’s price target on Interactive Brokers to $139 from $146 and keeps a Buy rating on the shares. The firm lowered its 2024, 2025 and 2026 adjusted EPS forecasts due to a lower net interest income forecast, which drives its lower price target. However, BofA views Interactive Brokers as “one of the strongest organic growth names in financial services,” the analyst tells investors.
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