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Fly News Breaks for April 3, 2017
IBKR
Apr 3, 2017 | 07:11 EDT
Wells Fargo analyst Christopher Harris downgraded Interactive Brokers to Underperform from Market Perform saying the company is likely to face near-term challenges with the wind-down of its Market Making operation and commissions growth. The analyst expects the stock "to struggle during this transition period." He lowered his price target range for Interactive shares to $30-$34 from $35-$39.
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