Raymond James Financial Begins Coverage on Miami International (NYSE:MIAX)

Key Points

• Raymond James Financial has initiated coverage on Miami International (NYSE:MIAX) with a "market perform" rating, while several other firms have also issued varying ratings and price targets for the stock.
• The consensus rating for MIAX is currently a "Moderate Buy" with an average target price of $42.00, based on evaluations from multiple analysts.
• As of Monday, MIAX shares opened at $35.01, experiencing a decline of 1.4%, with a 52-week range between $28.63 and $38.44.

Raymond James Financial initiated 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 a "market perform" rating on the stock.

A number of other brokerages have also recently issued reports on MIAX. Piper Sandler began coverage on shares of Miami International in a report on Monday. They issued an "overweight" rating and a $39.00 target price on the stock. Keefe, Bruyette & Woods began coverage on shares of Miami International in a report on Monday. They issued a "market perform" rating and a $37.00 target price on the stock. Rosenblatt Securities started coverage on shares of Miami International in a report on Monday. They issued a "buy" rating and a $50.00 target price on the stock. Morgan Stanley started coverage on shares of Miami International in a report on Monday. They issued an "overweight" rating and a $42.00 price target on the stock. Finally, Wall Street Zen raised shares of Miami International to a "hold" rating in a report on Saturday, August 23rd. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $42.00.

Miami International Stock Down 1.4%

Shares of MIAX stock opened at $35.01 on Monday. Miami International has a 52-week low of $28.63 and a 52-week high of $38.44.

Miami International Company Profile

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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