Fly News Breaks for November 20, 2019
Nov 20, 2019 | 05:03 EDT
Goldman Sachs analyst Alexander Blostein upgraded Tradeweb Markets to Buy from Neutral with a price target of $53, up from $52. The company's "solid" organic revenue growth and expanding operating margins should drive 15% earnings growth in 2020 and 2021, Blostein tells investors in a research note. This differentiates Tradeweb versus most other Exchanges, where sales trends are decelerating, margin expansion is becoming increasingly harder to achieve and valuations remain expensive, contends the analyst. He sees continued market share gains for Tradeweb Markets and 22% upside in the shares.
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