UBS initiated coverage of MarketAxess with a Buy rating and $285 price target. The analyst views MarketAxess as a pure-play on the electronification of credit trading, which remains early stage. The company has operated in a very challenging macro environment for the past six months, which should improve from here and has created an attractive buying opportunity, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on MKTX:
- MarketAxess (NASDAQ:MKTX) Catches New Buy Recommendation
- Early notable gainers among liquid option names on October 6th
- MarketAxess reports Q3 total credit ADV of $11.2B, up 1.7%
- Citi opens ‘negative catalyst watch’ on MarketAxess into metrics
- Early notable gainers among liquid option names on September 15th