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Fly News Breaks for October 21, 2019
TW
Oct 21, 2019 | 05:49 EDT
UBS analyst Alex Kramm upgraded Tradeweb Markets to Buy from Neutral with a price target of $49, up from $47. With the overhang of the secondary now removed, the stock's valuation is "much more attractive," Kramm tells investors in a research note. The analyst, who notes the shares are down 17% since the July peak, believes Tradeweb will move back toward its recent highs. Kramm sees potential for upside from acceleration in the electronification of fixed income markets and higher levels of volatility.
News For TW From the Last 2 Days
TW
Apr 19, 2024 | 06:44 EDT
BofA lowered the firm's price target on IntercontinentalExchange (ICE) to $153 from $156 and keeps a Buy rating on the shares. Although the firm thinks the exchange vertical has less leverage to a continuation in the market rally than its covered asset managers, it continues to see meaningful upside potential in IntercontinentalExchange and Tradeweb Markets (TW) over the next 12 months as it sees significant runway left in the electronification of both the mortgage and fixed income markets, the analyst tells investors.
TW
Apr 19, 2024 | 06:43 EDT
TW
Apr 19, 2024 | 06:43 EDT
BofA raised the firm's price target on Cboe Global Markets (CBOE) to $204 from $200 and keeps a Buy rating on the shares. The firm is making minor adjustments to earnings estimates to embed company disclosures released after BofA's Q1 Exchange earnings preview from earlier this month, which results in small upward earnings revisions for Cboe and Tradeweb Markets (TW), the analyst tells investors.
