MarketAxess price target raised to $332 from $313 at Credit Suisse

Credit Suisse analyst Gautam Sawant raised the firm’s price target on MarketAxess to $332 from $313 and keeps a Neutral rating on the shares. The firm notes MarketAxess reported Q4 earnings of $1.58 above the Credit Suisse and FactSet consensus estimates of $1.56. MarketAxess’ results included top- and bottom-line beats accompanied by management perspective on the rapidly improving trajectory for the company owing to normalized credit conditions, Credit Suisse says.