On Oct 04, major Wall Street analysts update their ratings for $Intercontinental Exchange (ICE.US)$, with price targets ranging from $167 to $200.
Goldman Sachs analyst Alexander Blostein maintains with a buy rating, and adjusts the target price from $173 to $185.
BofA Securities analyst Craig Siegenthaler maintains with a buy rating, and adjusts the target price from $168 to $175.
Citi analyst Christopher Allen maintains with a buy rating, and maintains the target price at $190.
Barclays analyst Benjamin Budish maintains with a buy rating, and maintains the target price at $167.
RBC Capital analyst Ashish Sabadra maintains with a buy rating, and maintains the target price at $200.
Furthermore, according to the comprehensive report, the opinions of $Intercontinental Exchange (ICE.US)$'s main analysts recently are as follows:
Lower interest rates and a slow recovery in deal activity present downside risks across most capital markets stocks going into Q3 reports. Despite the boost in risk-on behavior due to prospects of faster rate cuts and stronger equity markets, deal activity remains subdued. This scenario poses challenges for alternative managers amid high valuation multiples. Furthermore, most traditional managers saw a deterioration in organic growth in Q3, while lower interest rates pose significant risks to earnings for brokers and wealth managers. In contrast, exchanges and trust banks are seen as comparatively positive performers heading into the Q3 results.
Here are the latest investment ratings and price targets for $Intercontinental Exchange (ICE.US)$ from 5 analysts:
Note:
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