BofA analyst Craig Siegenthaler lowered the firm’s price target on IntercontinentalExchange (ICE) to $230 from $237 and keeps a Buy rating on the shares. The increasingly uncertain macroeconomic and geopolitical backdrop produced “ideal conditions for trading across asset classes,” says the analyst, who raised EPS for market structure stocks ahead of earnings from the exchange group.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ICE:
- Trump Trade: Trump ‘couldn’t care less’ if carmakers raise prices
- NYSE Texas opens, announces Trump Media to join
- Crypto Currents: Strategy buys more bitcoin
- IntercontinentalExchange, Circle sign MOU to explore product innovation
- Hundreds of SEC staff agree to take Trump buyout offers, Reuters reports