Intercontinental Exchange (ICE) News Today

Intercontinental Exchange Inc. (NYSE:ICE) shares edged lower amid profit-taking, even as the company secured new partnerships, analyst upgrades and a multibillion-dollar strategic investment. Key developments include:

• Positive Sentiment: Loomis, Sayles & Company selected ICE Climate’s multi-asset suite of climate risk data and analytics to integrate financially material climate insights across global fixed-income and equity portfolios. Loomis-Sayles Selects ICE Climate
• Positive Sentiment: Weiss Ratings reaffirmed its “Buy (B)” rating on ICE shares, underscoring confidence in the company’s growth trajectory. Weiss Ratings
• Positive Sentiment: Keefe, Bruyette & Woods upgraded ICE to a “Moderate Buy” rating, joining the majority of brokerages with a positive stance. Intercontinental Exchange Upgraded by Keefe, Bruyette & Woods
• Positive Sentiment: ICE announced a $2 billion strategic investment in prediction-market platform Polymarket, valuing the startup at $8 billion and positioning ICE in the growing crypto derivatives space. NYSE Owner ICE Makes $2bn Investment in Polymarket
• Positive Sentiment: Barron’s highlighted that ICE stock rose following the Polymarket stake announcement, reflecting investor enthusiasm around the deal. NYSE Owner to Take $2 Billion Stake in Polymarket
• Positive Sentiment: MarketBeat reports that 11 brokerages now rate ICE as a “Moderate Buy,” with nine Buy and two Hold recommendations. ICE Given Average Rating of Moderate Buy
• Neutral Sentiment: Morgan Stanley’s Michael Cyprys maintained a Hold rating and $188 price target on ICE, expressing cautious optimism about the Polymarket investment’s long-term impact. Cautious Optimism on Polymarket Investment
• Neutral Sentiment: Investors continue to parse mixed market reactions to ICE’s up to $2 billion Polymarket deal, with trading volumes trailing the 50-day average. How Investors Are Reacting to ICE Investing in Polymarket