Barclays Maintains Equal-Weight on Intercontinental Exchange, Lowers Price Target to $122
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jeremy Campbell has maintained an Equal-Weight rating on Intercontinental Exchange (NYSE:ICE) and lowered the price target from $128 to $122.
August 04, 2023 | 3:50 pm
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NEUTRAL IMPACT
Barclays has maintained an Equal-Weight rating on Intercontinental Exchange and lowered the price target from $128 to $122.
The news is directly related to Intercontinental Exchange (ICE). Barclays' decision to maintain an Equal-Weight rating indicates a neutral outlook for the stock. However, the lowering of the price target could potentially have a negative impact, as it suggests that the analyst believes the stock is currently overvalued. The impact is not necessarily immediate and could be realized over the short to medium term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100