Marex Group PLC (MRX) PT Raised to $50 at KBW Following a Top-Line Beat

Keefe, Bruyette & Woods analyst Kyle Voigt raised the price target on Marex Group PLC (NASDAQ: MRX) to $50.00 (from $49.00) while maintaining an Outperform rating.

The analyst commented: "MRX reported a +$0.02 beat to KBWe and +$0.04 beat to consensus. Adjusted operating profit (core) beat KBWe by +$0.01 on higher revenues (+$0.05) and higher other income (+$0.02), which were partially offset by higher expenses (-$0.06). We raise our forward EPS estimates modestly on stronger Clearing revenues. We raise our price target to $50 from $49 and maintain our OP rating."

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