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Fly News Breaks for April 18, 2018
IBKR
Apr 18, 2018 | 07:27 EDT
SunTrust analyst Douglas Mewhirter raised his price target on Interactive Brokers to $75, saying the underlying metrics of the company's Q1 earnings report reflected "continued strength in account growth, improved net interest income, and greater DARTs per account". The analyst keeps his Hold rating but raises his FY18 EPS target to $2.23 from $2.05, adding that the stock justifies above-peer multiple as it continues to post the highest account and asset growth in the industry.
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