Miami International (NYSE:MIAX) Coverage Initiated at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has initiated coverage on Miami International (NYSE:MIAX) with a neutral rating and a price target of $32.00, indicating a potential downside of 9.86% from its current price.
• Other analysts have varied ratings on MIAX, with four giving it a Buy rating and an average target price of $40.00 according to MarketBeat.
• The stock of Miami International is currently trading at $35.50, with a 12-month high of $38.44 and a low of $28.63.

Equities researchers at JPMorgan Chase & Co. assumed coverage on shares of Miami International (NYSE:MIAX - Get Free Report) in a research report issued to clients and investors on Monday,Benzinga reports. The firm set a "neutral" rating and a $32.00 price target on the stock. JPMorgan Chase & Co.'s price target would suggest a potential downside of 9.86% from the stock's current price.

Several other research analysts also recently commented on MIAX. Keefe, Bruyette & Woods began coverage on Miami International in a report on Monday. They issued a "market perform" rating and a $37.00 target price on the stock. William Blair began coverage on shares of Miami International in a research note on Monday. They issued an "outperform" rating for the company. Raymond James Financial initiated coverage on shares of Miami International in a research report on Monday. They set a "market perform" rating for the company. Rosenblatt Securities initiated coverage on shares of Miami International in a research report on Monday. They issued a "buy" rating and a $50.00 target price on the stock. Finally, Wall Street Zen upgraded shares of Miami International to a "hold" rating in a report on Saturday, August 23rd. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $40.00.

Miami International Stock Up 1.6%

MIAX opened at $35.50 on Monday. Miami International has a 12-month low of $28.63 and a 12-month high of $38.44.

About Miami International

We are a technology-driven leader in building and operating regulated financial marketplaces across multiple asset classes and geographies. Our MIAX Exchanges, MIAX Futures and BSX marketplaces are enabled by our in-house built, proprietary technology. We believe the speed and performance of our proprietary technology coupled with our fully integrated, award-winning customer service, sets us apart from our competitors.

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