Barclays Downgrades MarketAxess Holdings to Equal-Weight, Raises Price Target to $291
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Benjamin Budish has downgraded MarketAxess Holdings (MKTX) from Overweight to Equal-Weight while increasing the price target from $246 to $291.
January 08, 2024 | 1:24 pm
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NEUTRAL IMPACT
Barclays downgraded MarketAxess Holdings from Overweight to Equal-Weight, but raised the price target from $246 to $291.
The downgrade to Equal-Weight suggests that Barclays believes MarketAxess Holdings is now valued appropriately, indicating a neutral outlook on the stock's performance. However, the increase in the price target to $291 implies a belief that the stock still has the potential to grow from its current price, which could balance out the negative impact of the downgrade. The mixed signals may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100