IntercontinentalExchange price target raised to $126 from $125 at Deutsche Bank

Deutsche Bank raised the firm’s price target on IntercontinentalExchange to $126 from $125 and keeps a Buy rating on the shares following the “good” Q2 report. The analyst views the company’s Q2 results as being relatively good with slightly higher than expected revenue and lower than expected adjusted operating expenses. Importantly, management reiterated its initial synergy guidance for the proposed Black Knight acquisition, despite the planned divestiture of Black Knight’s Empower and Optimal Blue businesses, the analyst tells investors in a research note.