Interactive Brokers price target raised to $100 from $95 at Citi

Citi analyst Christopher Allen raised the firm’s price target on Interactive Brokers to $100 from $95 and keeps a Buy rating on the shares. Adjusting for a one-time mark on securities positions sold in quarter, Interactive’s core adjusted operating income was $752M in Q1, beating Citi’s $733M estimate, the analyst tells investors in a research note. The firm says any real pressure in the shares will present a buying opportunity given the company’s "long-term growth opportunity set, pristine balance sheet, well-positioned business model for current environment, and best-in-class account growth/operating margins."