real-time news and commentary for investors
Tuesday, Aug 27
IntercontinentalExchange resumed at Wells with Buy
- The acquisition of NYSE Euronext (NYX -1.3%) is a major catalyst to earnings growth, says Wells' Chris Harris, resuming coverage of IntercontinentalExchange (ICE -1.8%) with a Buy and $210-$230 price target. "While ICE is a much-loved name that is up materially YTD, we don't think investors fully appreciate the benefits of the NYX deal."
- His 2013/14/15 EPS estimates of $8.24/$10.70/$13.00 assume the merger closes by the end of this year.