Market Overview

UPDATE: Stifel Nicolaus Cuts PT to $155 on Intercontinental Exchange on Post-Merger Thoughts

Share:
Related ICE
8 Stories JP Morgan Is Watching Today
Fast Money Halftime Report Final Trade From February 17
Nasdaq OMX to Offer X-Stream Trading to Noble Markets - Analyst Blog (Zacks)

Stifel Nicolaus reiterated its Buy rating on Intercontinental Exchange (NYSE: ICE) and lowered its price target from $165 to $155.

Stifel Nicolaus noted, "Despite what we see as a challenging integration of the non-core cash equity and options businesses, we remain positive on the transaction due to the compelling long-term earnings accretion potential from expense and clearing synergies. As a result, our near-term outlook for ICE shares is incrementally less bullish, but we believe the stock offers attractive risk/reward on a 12-18 month horizon. As such, we are removing ICE from the Select List but maintain our Buy rating; and we reduce our target price to $155, reflecting 15x our combined "transition year" (2013) EPS estimate of $10.35."

Intercontinental Exchange closed at $126.92 on Thursday.

Latest Ratings for ICE

DateFirmActionFromTo
Mar 2015Deutsche BankMaintainsHold
Feb 2015BarclaysMaintainsOverweight
Feb 2015BarclaysMaintainsOverweight

View More Analyst Ratings for ICE
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (ICE)

Around the Web, We're Loving...