Piper Sandler raised the firm’s price target on Marex Group (MRX) to $40 from $32 and keeps an Overweight rating on the shares as part of an earnings preview note for earnings, trading companies and ebrokers. The U.S. Presidential election and ensuing risk-on trading environment produced record derivative volumes and the strongest quarter for cash equities since the meme stock impacted 1Q21, the analyst tells investors in a research note. The firm sees a more relaxed regulatory outlook for 2025, as well as lower rates, and a further emboldening of retail traders as key themes.
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Read More on MRX:
- Marex Group Board Member Resigns
- Marex Group initiated with a Buy at HSBC
- Marex Group price target raised to $32 from $30 at Piper Sandler
- Marex Group price target raised to $32 from $30 at Barclays
- Marex Group Reports Strong Q3 Growth and Upgraded Outlook
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
