Jefferies raised the firm’s price target on Interactive Brokers to $165 from $152 and keeps a Buy rating on the shares. Ahead of Q3 earnings from the brokers and wealth managers, the firm notes its Q3 EPS estimates have been raised 1% on average. For Interactive, the firm is increasing its Q3 EPS estimate to $1.76 from $1.70, driven primarily by better-than-expected trading and higher margin/cash balances.
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