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Fly News Breaks for September 5, 2018
ICE
Sep 5, 2018 | 08:36 EDT
Rosenblatt analyst Ken Hill initiated IntercontinentalExchange with a Buy and $88 price target saying its his "favorite long-term investment" in the sector. Hill expects the data segment will see mid-to high single-digit growth and said the transaction business will be a tailwind, fixed income initiatives look promising, and capital return potential looks solid. The analyst believes expectations have been reset following sluggish Data results the first part of the year and expects a strong back-half to build.
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