Interactive Brokers Shares Rise 2.05% as UBS Cuts Price Target to $97
UBS lowered its target from $101 to $97 and maintained a Neutral rating after describing the third quarter as decent but mixed. At 11:00 a.m. ET, shares were up 2.05% intraday. UBS said revenue beat expectations, but the supplied text ends before giving further detail.
UBS lowered its price target for Interactive Brokers Group (NASDAQ: IBKR) to $97 from $101, while maintaining a Neutral rating. The move followed what UBS described as a decent but mixed third quarter. Interactive Brokers shares rose 2.05% intraday as of 11:00 a.m. ET.
UBS said total revenue exceeded expectations, mainly because of…