UBS Maintains Buy on Interactive Brokers Gr, Lowers Price Target to $104
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Brennan Hawken has maintained a Buy rating on Interactive Brokers Group (IBKR) but has reduced the price target from $108 to $104.
January 09, 2024 | 4:17 pm
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NEUTRAL IMPACT
UBS has maintained a Buy rating on Interactive Brokers Group but lowered the price target from $108 to $104.
While the reduction in price target could be seen as a negative signal, the maintenance of a Buy rating by UBS suggests that the overall outlook for Interactive Brokers Group remains positive. The impact on the stock price is likely to be neutral in the short term as the lowered price target is offset by the continued endorsement of the stock by a major analyst firm.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100