MarketAxess price target lowered to $250 from $260 at Piper Sandler

Piper Sandler analyst Patrick Moley lowered the firm’s price target on MarketAxess to $250 from $260 and keeps a Neutral rating on the shares ahead of the Q3 report. Equity volumes and volatility slowed again in Q3 but derivatives “remain a bright spot,” the analyst tells investors in a research note. The firm says sales cycle headwinds should persist for some in the e-finance space. Piper highlights Cboe Global Markets (CBOE) and BGC Group (BGC) as names it likes heading into earnings.