Tradeweb Markets price target raised to $101 from $98 at BofA

BofA raised the firm’s price target on Tradeweb Markets to $101 from $98 and keeps a Buy rating on the shares. Q3 has been defined in the exchange/market structure vertical by the ebbing of equity volatility, which has benefited the listings set-up at the expense of equity volumes, the analyst tells investors in a preview note. Tradeweb is the firm’s top exchange pick into Q3 results as BofA is forecasting a 6% EPS beat and increasing its Q3 EPS estimate by 4% to 58c.