- The shares of Intercontinental Exchange Inc (NYSE: ICE) have received a $138 price target from Argus. These are the details.
The shares of Intercontinental Exchange Inc (NYSE: ICE) have received a $138 price target from Argus. And Argus analyst Kevin Heal is maintaining a “Buy” rating on the shares.
Heal adjusted the rating while noting that the company is benefiting from positive trends in its core data business and seeing a better balance between recurring and transaction revenue, even though it is also posting weaker results in the listings business and will see significant costs for the proposed $13.1 billion acquisition of Black Knight. And Heal also cut the FY22 EPS view on IntercontinentalExchange to $5.54 from $5.71 and the FY23 EPS view to $5.93 from $6.11.
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