Piper Sandler analyst Patrick Moley raised the firm’s price target on IntercontinentalExchange to $135 from $125 and keeps an Overweight rating on the shares. ahead of the Q2 results. The analyst says the exchanges should post solid Q2 results despite volatility declining. Meanwhile, regulatory actions by the SEC impacted companies in both U.S. equity trading and crypto industries, the analyst tells investors in a research note.
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