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Fly News Breaks for November 5, 2018
MKTX
Nov 5, 2018 | 05:23 EDT
Goldman Sachs analyst Alexander Blostein started MarketAxess with a Sell rating and $175 price target. The company is becoming more cyclical as its market share gains depend more on volatility levels, Blostein tells investors in a research note. However, the analyst believes MarketAxess current trades at a "structural multiple."
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