Keefe, Bruyette & Woods Upgrades Intercontinental Exchange (ICE) to Market Perform
More News related to ICE
- Trading Radar for 02/10: Sprint (S), Dean Foods (DF), Scripps Networks (SNI), Vale S.A. (VALE), Level 3 Comm (LVLT) Report
- IntercontinentalExchange Chairman & CEO to Present at 2010 Credit Suisse Financial Services Forum
- Intercontinental Exchange volatility flat; into EPS, energy and European volume outlook
- ICE Futures Europe Sets Daily Volume Record; Over 1.3 Million Contracts Traded on February 5; Record Volume for Brent Crude Futures
- ICE Announces First Cleared Trades of Platts Iron Ore Swap
More News related to Upgrades
- Soleil Securities Upgrades Zebra Technologies (ZBRA) to Gradually Accumulate; Valuation Call
- UBS Issues Intraday Upgrade on Cimarex Energy (XEC)
- Boenning & Scattergood Upgrades Equinix (EQIX) to Outperform
- Avondale Partners Upgrades ADC Telecommunications (ADCT) to Market Outperform
- Johnson Rice Upgrades Pool Corp (POOL) to Overweight
Keefe, Bruyette & Woods upgrades Intercontinental Exchange (NYSE: ICE) to Market Perform
Keefe analyst says, "ICE reported EPS of $1.12 for 2Q09, in-line with consensus and missing KBW's estimate of $1.15. Slightly better-than- expected revenue was more than offset by higher-than-expected SG&A expense. ICE also extended its $200 million buyback plan to Feb 2010. We upgrade ICE to Market Perform and tweak our price target higher to $103 from $98. Lowering estimates for FY09 from $4.51 to $4.24 and FY10 from $5.58 to $5.15."
To see more analyst ratings on ICE Click Here.
IntercontinentalExchange, Inc., through its subsidiaries, owns and operates an Internet-based global electronic marketplace for trading in futures and over-the-counter (OTC) commodities, and derivative financial products in the United States, the United Kingdom, and Canada.
Related Categories
UpgradesStocks Mentioned
+1.83Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
