Marex Group resumed with a Buy at Citi

Citi resumed coverage of Marex Group (MRX) with a Buy rating and $34 price target The company has continued to be acquisitive, with a number of deals announced in the past several weeks that expand operations geographically and further into product areas, the analyst tells investors in a research note. The firm likes Marex’s long-term story given its s”trong niche positioning with clear market share gain” potential across its businesses, leverage to energy and commodities sectors, regional expansion opportunities, and commercial client focus.