Jefferies Upgrades IntercontinentalExchange (ICE) to Buy

Jefferies upgraded IntercontinentalExchange (NYSE: ICE) from Hold to Buy and raised their price target from $130 to $145.

The firm states, "The combination of a compelling valuation and good fundamentals has created an attractive entry point for ICE shares in our view. ICE's trend of above average growth is intact and on track for record results in 2011. At current valuations we believe both CME and ICE represent attractive investments for large and mid cap growth investors."

For more ratings news on IntercontinentalExchange click here and for the rating history of IntercontinentalExchange click here.

Shares of IntercontinentalExchange closed at $118.11 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Jefferies Upgrades Brightstar Lottery (BRSL) to Buy
• New Street Research Upgrades Micron Technology (MU) to Buy
• Wolfe Research Upgrades Biogen (BIIB) to Outperform