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Fly News Breaks for October 12, 2018
ICE
Oct 12, 2018 | 07:38 EDT
JPMorgan analyst Kenneth Worthington raised his price target for IntercontinentalExchange to $91 saying he sees the outlook for the company's data revenue growth and futures trading improving in 2019. With better data growth, ICE's valuation could see some upside, which combined with higher earnings should drive the stock price higher, Worthington tells investors in a research note. He maintains an Overweight rating on the shares.
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