Piper Sandler analyst Patrick Moley raised the firm’s price target on IntercontinentalExchange to $149 from $135 and keeps an Overweight rating on the shares following quarterly results. The firm notes that on the Q4 call, IntercontinentalExchange indicated that it was ahead of schedule on revenue and expense synergies related to the BKI acquisition.
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Read More on ICE:
- Opening Day: Gilead-backed Kyverna overshoots raised IPO expectations
- IntercontinentalExchange price target raised to $164 from $154 at Rosenblatt
- IntercontinentalExchange price target raised to $150 from $140 at Deutsche Bank
- IntercontinentalExchange reports Q4 EPS $1.33, consensus $1.29
- IntercontinentalExchange increases quarterly dividend 7% to 45c per share
