Fly News Breaks for February 10, 2020
Feb 10, 2020 | 06:10 EDT
Wells Fargo analyst Christopher Harris upgraded IntercontinentalExchange (ICE) to Overweight from Equal Weight with a price target of $105, up from $100. The decline in IntercontinentalExchange's stock price since news of a potential eBay (EBAY) acquisition first surfaced has created an attractive entry point for investors, Harris tells investors in a research note. ICE has clearly stated that it has ruled out any combination with eBay, so the risk of a transaction "seems to be nil," adds the analyst. He does not believe the potential deal will create a permanent overhang on ICE shares or imply anything negative about ICE management's confidence in the core business.
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.