Morgan Stanley lowered the firm’s price target on IntercontinentalExchange (ICE) to $188 from $192 and keeps an Equal Weight rating on the shares. The firm is updating its price targets for stocks in the Brokers & Exchanges North America sector under its coverage, the analyst tells investors. The firm believes brokers are poised to benefit from growth due to better visibility around rates paths and continued retail engagement.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ICE:
- Billionaire David Einhorn Calls Current AI Spending ‘Extreme’
- IntercontinentalExchange price target raised to $203 from $195 at JPMorgan
- Intercontinental Exchange Expands Board with New Appointment
- Robinhood (HOOD) to Launch a Closed-End Fund that Provides Access to Private Firms
- OTC Markets expands data availability via ICE Consolidated Feed