7/105 sources · 4 publishersUpdated Oct 8, 21:00 UTC
TD Cowen cuts Intercontinental Exchange to Hold and lowers target to $166
TD Cowen downgraded Intercontinental Exchange to Hold from Buy on October 05, 2026, and reduced its price target to $166 from $177. Analyst Bill Katz cited macroeconomic pressures and changes in the company’s business mix, while pointing to the pending ICE/MKTX transaction.
Why it matters
TD Cowen’s change removes its Buy rating on Intercontinental Exchange and sets a lower valuation benchmark. The analyst expects the shares to remain range-bound, according to the materials.
Key facts
- 1TD Cowen moved Intercontinental Exchange’s rating to Hold from Buy. marketscreener.com
- 2TD Cowen reduced its price target for Intercontinental Exchange to $166 from $177. marketscreener.com
- 3Analyst Bill Katz cited macroeconomic headwinds and shifts in Intercontinental Exchange’s business mix. gurufocus.com
- 4TD Cowen said the pending ICE/MKTX transaction is part of its assessment of the company’s outlook. tradingview.com
Summary written by AlphAI from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.