Robinhood price target lowered to $10 from $11 at Barclays

Barclays lowered the firm’s price target on Robinhood to $10 from $11 and keeps an Underweight 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.