Jefferies analyst Daniel Fannon raised the firm’s price target on Interactive Brokers to $104 from $91 and keeps a Buy rating on the shares after having hosted a call with the Chairman and founder Thomas Peterffy. Client engagement levels remain strong and account growth is up 20% year-over-year through February, said the firm, which sees 70% pretax margins as "sustainable" with interest rates still rising and the company remaining disciplined on spending.
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