Interactive Brokers falls as UBS cuts rating to 'neutral'
BUZZ-Interactive Brokers falls as UBS cuts rating to 'neutral'
** Shares of trading platform Interactive Brokers IBKR.O fall 3.3% to $94 in early trading** UBS downgrades IBKR to "neutral" from "buy", saying the stock already reflects much of the broker's growth advantages
** Brokerage notes the stock trades at about 26x consensus 2028 EPS, a premium valuation that already prices in its competitive strengths
** Adds that further upside would likely require the company to exceed already demanding investor expectations
** 11 of 15 analysts rate stock "strong buy" or "buy" and four "hold"; their median PT is $109 - data compiled by LSEG
** Including session's move, stock up 46.4% YTD
(Reporting by Pragyan Kalita in Bengaluru)
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