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.

Zacks Research upgraded shares of Miami International (NYSE:MIAX - Free Report) to a hold rating in a research report released on Tuesday, September 9th,Zacks.com reports.

MIAX has been the subject of several other research reports. Piper Sandler started coverage on shares of Miami International in a research note on Monday, September 8th. They issued an "overweight" rating and a $39.00 price target for the company. JPMorgan Chase & Co. assumed coverage on shares of Miami International in a report on Monday, September 8th. They issued a "neutral" rating and a $32.00 price objective on the stock. Morgan Stanley assumed coverage on shares of Miami International in a report on Monday, September 8th. They issued an "overweight" rating and a $42.00 price objective on the stock. Rosenblatt Securities assumed coverage on shares of Miami International in a report on Monday, September 8th. They issued a "buy" rating and a $50.00 price objective on the stock. Finally, Keefe, Bruyette & Woods assumed coverage on shares of Miami International in a report on Monday, September 8th. They issued a "market perform" rating and a $37.00 price objective on the stock. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.00.

Miami International Stock Up 1.6%

NYSE MIAX traded up $0.58 during trading hours on Tuesday, hitting $37.84. 90,278 shares of the company's stock traded hands, compared to its average volume of 1,036,193. 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.