On Oct 05, major Wall Street analysts update their ratings for $Intercontinental Exchange (ICE.US)$, with price targets ranging from $167 to $190.
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.
UBS analyst Alex Kramm maintains with a buy rating, and adjusts the target price from $175 to $190.
Raymond James analyst Patrick O'Shaughnessy maintains with a buy rating, and adjusts the target price from $130 to $185.
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 muted recovery in deal activity pose downside risks to many capital markets stocks heading into the third-quarter reports. While the anticipation of accelerated rate cuts and stronger equity markets has driven risk-on behavior in many capital markets equities, deal activity remains subdued, presenting an ongoing challenge for numerous alternative managers amid notably high valuation multiples. Additionally, organic growth for a majority of traditional managers weakened in the third quarter, and the decline in interest rates represents a significant threat to earnings for the majority of brokers and wealth managers. Exchanges and trust banks, however, are perceived as relative areas of strength in the lead-up to the third-quarter earnings reports.
Here are the latest investment ratings and price targets for $Intercontinental Exchange (ICE.US)$ from 4 analysts:
Note:
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