UPDATE: Credit Suisse Starts IntercontinentalExchange (ICE) at Outperform

February 15, 2022 4:31 AM EST
Get Alerts ICE Hot Sheet
Price: $109.25 -0.26%

Rating Summary:
    21 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 2 | Down: 23 | New: 24
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(Updated - February 15, 2022 4:32 AM EST)

Credit Suisse analyst Gautam Sawant initiates coverage on IntercontinentalExchange (NYSE: ICE) with a Outperform rating and a price target of $160.00.

The analyst comments "We are initiating coverage of Intercontinental Exchange (ICE) with an Outperform rating and a $160 target price. ICE is a global provider of market infrastructure, data/analytics services, and technology solutions for a broad range of asset complexes including futures, equities, fixed income, and US residential mortgages. The company operates three primary business segments (Exchanges, Fixed Income & Data Services, and Mortgage Technology) that benefit from secular and macro tailwinds including electronification, datafication, and trading automation. We believe demand for ICE’s data and technology is paving the way for the company to generate durable organic growth supported by its network of transaction-oriented businesses."

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 $124.84 yesterday.

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