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Fly News Breaks for August 1, 2018
MKTX
Aug 1, 2018 | 07:42 EDT
Jefferies analyst Daniel Fannon started MarketAxess with a Hold rating and $219 price target. MarketAxess, as the leading electronic marketplace for fixed income trading, represents one of the premier growth stories within financial services, Fannon tells investors in a research note. The analyst, however, views the stock's risk/reward as "fairly balanced" with competition beginning to accelerate and the shares trading in line with the historical valuation average.
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