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Fly News Breaks for January 3, 2017
MKTX
Jan 3, 2017 | 07:08 EDT
As previously reported, Raymond James upgraded MarketAxess to Outperform from Market Perform and established a $175 price target. Analyst Patrick O'Shaughnessy believes corporate bond trading velocity improvement will serve as a catalyst and supplement MarketAxess' existing strong market share growth. The analyst said MarketAxess still has the dominant electronic bond trading platform and sees little evidence that electronic competitors are gaining share.
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