Barclays analyst Benjamin Budish lowered the firm’s price target on Interactive Brokers to $97 from $99 and keeps an Overweight rating on the shares. The company’s Q1 earnings missed Street estimates as commission revenue was lower than expected, the analyst tells investors in a research note. However, the tone from management was "quite positive" on the broader business, adds the firm.
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Published first on TheFly
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Read More on IBKR:
- 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
- Interactive Brokers Group (IBKR) Q1 Earnings Cheat Sheet
- Interactive Brokers price target lowered to $99 from $102 at Barclays