Wells Fargo analyst Christopher Harris upgraded IntercontinentalExchange (ICE) to Overweight from Equal Weight with a price target of $105, up from $100. The decline in IntercontinentalExchange's stock price since news of a potential eBay (EBAY) acquisition first surfaced has created an attractive entry point for investors, Harris tells investors in a research note. ICE has clearly stated that it has ruled out any combination with eBay, so the risk of a transaction "seems to be nil," adds the analyst. He does not believe the potential deal will create a permanent overhang on ICE shares or imply anything negative about ICE management's confidence in the core business.

BofA lowered the firm's price target on IntercontinentalExchange (ICE) to $153 from $156 and keeps a Buy rating on the shares. Although the firm thinks the exchange vertical has less leverage to a continuation in the market rally than its covered asset managers, it continues to see meaningful upside potential in IntercontinentalExchange and Tradeweb Markets (TW) over the next 12 months as it sees significant runway left in the electronification of both the mortgage and fixed income markets, the analyst tells investors.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

Unusual total active option classes on open include: Wrap Technologies (WRAP), AstraZeneca (AZN), JetBlue (JBLU), United Continental (UAL), Taiwan Semi (TSM), Nokia (NOK), EBay (EBAY), Maplebear Inc (CART), Airbnb (ABNB), and UnitedHealth (UNH).