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Fly News Breaks for February 5, 2020
Feb 5, 2020 | 06:12 EDT
Piper Sandler analyst Richard Repetto says he sees no clear rationale for a merger between IntercontinentalExchange (ICE) and eBay (EBAY). However, the analyst notes that ICE Founder and CEO Jeff Sprecher has been a "visionary" in the industry. Nonetheless, there could be opportunities for the two companies to work together, Repetto tells investors in a research note. He keeps an Overweight rating on IntercontinentalExchange with a $105 price target.
News For ICE;EBAY From the Last 2 Days
May 19, 2022 | 07:04 EDT
Deutsche Bank analyst Brian Bedell lowered the firm's price target on IntercontinentalExchange to $117 from $143 and keeps a Buy rating on the shares. More buying opportunities are emerging in the brokers, asset managements and exchange sector amid the equity market decline, Bedell tells investors in a research note. The stocks are pricing in an estimated 55% chance of recession, making the risk/return for 12-18 month holding periods across much of the group "very attractive," says the analyst.