IntercontinentalExchange price target raised to $130 from $127 at Raymond James

Raymond James analyst Patrick O’Shaughnessy raised the firm’s price target on IntercontinentalExchange to $130 from $127 and keeps a Strong Buy rating on the shares. IntercontinentalExchange’s total futures average daily volumes rose y/y as better energy and agricultural volumes more than offset softer financials volumes, though futures volumes finished 10% below the firm’s forecast, the analyst tells investors in a research note.