Barclays lowered the firm’s price target on IntercontinentalExchange to $120 from $122 and keeps an Equal Weight rating on the shares. The analyst updated brokers, asset managers and exchange models for Q3 given the intra-quarter metrics. Volatility was quite low for most of the quarter, while share shifts and idiosyncratic events drove other changes, the analyst tells investors in a research note.
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Read More on ICE:
- ICE announces 18.7M natural gas TTF futures and options traded in Q3
- ICE reports September total ADV up 6% y/y, Q3 total ADV up 8% y/y
- IntercontinentalExchange price target lowered to $140 from $141 at BofA
- Cboe Global Markets price target raised to $173 from $168 at BofA
- IntercontinentalExchange price target raised to $134 from $129 at Deutsche Bank
