Market Overview

UPDATE: Jefferies Raises PT on IntercontinentalExchange on 1Q13 Exchange Preview

Related ICE
Benzinga's Volume Movers
Memories Of March Return As Momentum Stocks Hit Hard
China's Alibaba Reveals Plans to List on Big Board (Fox Business)

In a report published Monday, Jefferies analyst Daniel T. Fannon reiterated a Buy rating on IntercontinentalExchange (NYSE: ICE), and raised the price target from $170.00 to $185.00.

In the report, Fannon noted, “We have lowered our 1Q13 EPS expectations for the traditional equity exchanges, while our numbers for the derivatives exchanges remain relatively unchanged. This mirrors the state of general industry trends, where the outlook for derivatives volume growth is much stronger than equity volume growth. CME and ICE remain our favorite ideas in the group.”

IntercontinentalExchange closed on Friday at $158.20.

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Most Popular

Related Articles (ICE)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free