Piper Sandler lowered the firm’s price target on Interactive Brokers (IBKR) to $182 from $192 and keeps an Overweight rating on the shares. The firm notes that after the close, the company reported Q1 adjusted EPS of $1.88 per share, below its $1.94 estimate and consensus of $1.92. The miss vs. Piper’s estimate was primarily driven by higher-than-expected comp expense and lower net interest income.
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