B of A Securities Initiates Coverage On MarketAxess Holdings with Underperform Rating, Announces Price Target of $199
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Eli Abboud initiates coverage on MarketAxess Holdings (MKTX) with an Underperform rating and a price target of $199.
April 10, 2024 | 10:50 am
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MarketAxess Holdings receives an Underperform rating from B of A Securities with a price target of $199.
The initiation of coverage by B of A Securities with an Underperform rating suggests a bearish outlook on MarketAxess Holdings. The price target of $199 indicates the analyst's expectation that the stock will decline in value in the short term. Given the influence of analyst ratings on market perception, this could lead to a negative impact on MKTX's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100