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Goldman Sachs Downgrades IntercontinentalExchange (ICE) to Neutral

January 17, 2012 7:53 AM EST
Get Alerts ICE Hot Sheet
Price: $158.61 +0.87%

Rating Summary:
    23 Buy, 5 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 12 | Down: 15 | New: 40
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Goldman Sachs downgraded IntercontinentalExchange (NYSE: ICE) from Buy to Neutral with a price target of $125 as they rotate out of stocks with higher leverage to transaction/volume-driven revenues. They also expect ICE's earnings multiple to face pressure.

For an analyst ratings summary and ratings history on IntercontinentalExchange click here. For more ratings news on IntercontinentalExchange click here.

Shares of IntercontinentalExchange closed at $116.47 yesterday.


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