UBS analyst Alex Kramm maintains $Marex Group (MRX.US)$ with a buy rating, and adjusts the target price from $30 to $33.
According to TipRanks data, the analyst has a success rate of 63.1% and a total average return of 11.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Marex Group (MRX.US)$'s main analysts recently are as follows:
Following the Q3 report, Marex Group's earnings exceeded expectations, supported by revenues that surpassed predictions by 3%, though this was partially balanced by increased non-interest expenses.
Marex Group has been actively pursuing acquisitions, recently announcing several deals that broaden its geographic reach and product offerings. The long-term prospects for the company are favorable due to its strong niche market positioning, potential for gaining market share across its various businesses, benefit from its ties to the energy and commodities sectors, regional growth potential, and focus on commercial clients.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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