MarketAxess price target lowered to $278 from $308 at Barclays

Barclays analyst Benjamin Budish lowered the firm’s price target on MarketAxess to $278 from $308 and keeps an Overweight rating on the shares. The analyst updated brokers, asset managers and exchange models for Q3 given the intra-quarter metrics. Volatility was quite low for most of the quarter, while share shifts and idiosyncratic events drove other changes, the analyst tells investors in a research note.