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

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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.

Latest Ratings for ICE

DateFirmActionFromTo
Sep 2014Deutsche BankInitiates Coverage onHold
Aug 2014JefferiesMaintainsBuy
Aug 2014JP MorganMaintainsOverweight

View More Analyst Ratings for ICE
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

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