Marex Group PLC (MRX) PT Raised to $42 at Jefferies

Jefferies analyst Daniel Fannon raised the price target on Marex Group PLC (NASDAQ: MRX) to $42.00 (from $38.00) while maintaining a Buy rating.

The analyst comments "Following 4Q24 results, our EPS estimate for 1Q25 remains unchanged at $0.83 and our FY25 EPS estimate increases from $3.00 to $3.11. These changes reflect higher activity levels, increased client balances and improved yields on client balances. The volume backdrop to start 1Q25 has been constructive, if not more elevated compared to 4Q24 as evident from the listed exchange volumes."

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