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IntercontinentalExchange price target raised to $160 from $149 at Morgan Stanley

Morgan Stanley raised the firm’s price target on IntercontinentalExchange to $160 from $149 and keeps an Equal Weight rating on the shares. The firm is raising its 2024 adjusted EPS estimate by 2.4% to $6.04 and its 2025 adjusted EPS view by 2.5% to $6.66 post Q2 earnings.

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