MarketAxess price target raised by $30 at Citi, here’s why

Citi raised the firm’s price target on MarketAxess to $300 from $270 and keeps a Buy rating on the shares. The company reported solid November activity and positive share trends, the analyst tells investors in a research note. The firm says that over the past few weeks, industry activity has shown signs of improvement with credit spread volatility picking up and increased ETF activity. It believes this positive backdrop can continue in the near-to-intermediate term.