Citi initiated coverage of Marex Group with a Buy rating and $24 price target. Marex offers an attractive long-term story given its strong niche positioning across segments with clear market share gain potential across its businesses, the analyst tells investors in a research note. The firm likes the company’s leverage to energy, regional expansion potential and commercial client focus. Marex’s business mix of clearing, agency, market making, and hedging solutions provides cross-selling opportunities, says Citi.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MRX:
