Morgan Stanley Begins Coverage on Miami International (NYSE:MIAX)

Key Points

• Morgan Stanley has initiated coverage of Miami International (NYSE:MIAX) with an "overweight" rating and set a price target of $42.00, indicating a potential upside of approximately 20% from its current price.
• Current consensus from analysts reflects a "Moderate Buy" rating, with three analysts recommending a buy and two suggesting a hold.
• Miami International's stock recently opened at $35.01, with the stock having a one-year range of $28.63 to $38.44.

Analysts at Morgan Stanley assumed coverage on shares of Miami International (NYSE:MIAX - Get Free Report) in a research note issued to investors on Monday,Benzinga reports. The firm set an "overweight" rating and a $42.00 price target on the stock. Morgan Stanley's price objective would indicate a potential upside of 19.97% from the company's current price.

Separately, Wall Street Zen raised shares of Miami International to a "hold" rating in a research note on Saturday, August 23rd. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $42.00.

Miami International Trading Down 1.4%

MIAX stock opened at $35.01 on Monday. Miami International has a one year low of $28.63 and a one year 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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