Barclays analyst Benjamin Budish maintains $Marex Group (MRX.US)$ with a buy rating, and adjusts the target price from $28 to $30.
According to TipRanks data, the analyst has a success rate of 77.6% and a total average return of 15.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Marex Group (MRX.US)$'s main analysts recently are as follows:
Expectations are set towards a normalization of market conditions, with initial public offerings and mergers evidencing revitalization, and the anticipation of rate changes fostering a renewed sense of optimism. Nonetheless, activities in Q3 have been observed to be less robust than anticipated.
Lower interest rates and a slow recovery in deal activity present downside risks for most capital markets stocks as third-quarter reports approach. The anticipation of hastened rate cuts and stronger equity markets has encouraged risk-on behavior among many capital market stocks. Nevertheless, subdued deal activity is a persistent challenge for alternative managers, particularly against a backdrop of highly extended valuation multiples. Additionally, the organic growth for traditional managers has waned in the third quarter. Moreover, the reduced interest rates pose a significant threat to the earnings of brokers and wealth managers. However, exchanges and trust banks may stand out as relative bright spots in the forthcoming third-quarter results.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
