MarketAxess price target lowered to $260 from $375 at Piper Sandler

Piper Sandler lowered the firm’s price target on MarketAxess to $260 from $375 and keeps a Neutral rating on the shares ahead of the Q2 results. The analyst says the exchanges should post solid Q2 results despite volatility declining. Meanwhile, regulatory actions by the SEC impacted companies in both U.S. equity trading and crypto industries, the analyst tells investors in a research note.