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Fly News Breaks for July 22, 2019
ICE
Jul 22, 2019 | 06:03 EDT
Citi analyst Ben Herbert downgraded IntercontinentalExchange to Neutral from Buy while raising her price target for the shares to $99 from $92. The analyst says he's "increasingly price sensitive" following the recent share rally for the U.S. Exchanges & Market Structure group. Herbert continues to see "much to like" about IntercontinentalExchange, but he's looking for a more compelling valuation following the stock's rally.
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