Goldman Sachs Starts MarketAxess (MKTX) at Sell

November 5, 2018 4:18 AM EST
Get Alerts MKTX Hot Sheet
Price: $255.15 +0.21%

Rating Summary:
    3 Buy, 14 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 4 | Down: 13 | New: 17
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Goldman Sachs analyst Alexander Blostein initiates coverage on MarketAxess (NASDAQ: MKTX) with a Sell rating and a price target of $175.00.

The analyst comes out negative noting the company is becoming increasing cyclical in nature as market share gains depend more on volatility levels. He believes the current valuation is errant as consensus estimates appears to priced as if the company is a secular growth name.

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

Shares of MarketAxess closed at $213.79 yesterday.

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