Zacks Research Upgrades Miami International (NYSE:MIAX) to "Hold"

Key Points

• Zacks Research has upgraded Miami International (NYSE:MIAX) to a "hold" rating, indicating a more cautious outlook as opposed to previous ratings.
• Multiple analysts including Piper Sandler and Morgan Stanley have provided varying target prices for MIAX, with estimates ranging from $32.00 to $42.00.
• The stock of Miami International has decreased by 1.2% recently, currently priced at $36.87, with a 52-week range between $28.63 and $39.13.

Miami International (NYSE:MIAX - Get Free Report) was upgraded by analysts at Zacks Research to a "hold" rating in a research note issued on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently commented on MIAX. Piper Sandler assumed coverage on Miami International in a research note on Monday. They set an "overweight" rating and a $39.00 target price for the company. William Blair started coverage on shares of Miami International in a report on Monday. They set an "outperform" rating on the stock. Keefe, Bruyette & Woods started coverage on shares of Miami International in a report on Monday. They set a "market perform" rating and a $37.00 price objective on the stock. JPMorgan Chase & Co. began coverage on shares of Miami International in a report on Monday. They set a "neutral" rating and a $32.00 price objective on the stock. Finally, Morgan Stanley assumed coverage on Miami International in a report on Monday. They issued an "overweight" rating and a $42.00 target price on the stock. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.00.

Miami International Stock Down 1.2%

NYSE:MIAX opened at $36.87 on Tuesday. Miami International has a 52 week low of $28.63 and a 52 week 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.

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