Keefe, Bruyette & Woods Initiates Coverage on Miami International (NYSE:MIAX)

Key Points

• Equities researchers at Keefe, Bruyette & Woods initiated coverage of Miami International (NYSE: MIAX), setting a "market perform" rating with a price target of $37.00, suggesting a potential upside of 5.68% from the stock's previous close.
• Other analysts, including Morgan Stanley, have rated Miami International with a consensus rating of "Moderate Buy" and a price target of $42.00.
• As of Monday, Miami International's stock opened at $35.01 and has fluctuated between a one-year low of $28.63 and a high of $38.44.

Keefe, Bruyette & Woods started coverage on shares of Miami International (NYSE:MIAX - Free Report) in a research report released on Monday, MarketBeat.com reports. The firm issued a market perform rating and a $37.00 price target on the stock.

MIAX has been the topic of a number of other reports. Wall Street Zen raised shares of Miami International to a "hold" rating in a research report on Saturday, August 23rd. Morgan Stanley began coverage on shares of Miami International in a research note on Monday, September 8th. They set an "overweight" rating and a $42.00 price objective on the stock. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $40.00.

Miami International Stock Performance

Shares of NYSE:MIAX traded up $0.08 during midday trading on Monday, hitting $37.47. The company had a trading volume of 408,492 shares, compared to its average volume of 1,103,331. Miami International has a 12-month low of $28.63 and a 12-month high of $39.13.

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.