Barclays Upgrades Intercontinental Exchange to Overweight, Raises Price Target to $148
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Benjamin Budish upgraded Intercontinental Exchange (NYSE:ICE) from Equal-Weight to Overweight and increased the price target from $120 to $148.
January 08, 2024 | 11:05 am
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Barclays upgraded Intercontinental Exchange from Equal-Weight to Overweight and raised the price target to $148, indicating a positive outlook on the stock.
Upgrades by analysts, especially from major financial institutions like Barclays, can lead to increased investor confidence and a potential rise in stock price. The substantial increase in the price target from $120 to $148 suggests a strong bullish sentiment on the stock's future performance, which may influence investors to share this optimism in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100