IntercontinentalExchange weakness creates buying opportunity, says Argus Argus expects IntercontinentalExchange to be boosted by what the firm sees as its proven ability to execute well and its strong market share in energy and agriculture futures. The firm reiterates a Buy rating on the shares but cut its price target on the name to $220 from $240.
NYSE 'prepared' for possibility of hurricane hitting East Coast, Reuters reports NYSE says it is "prepared" for the possibility of Hurricane Joaquin hitting the U.S. East Coast, Reuters reports. The exchange operator says it will invoke disaster recovery procedures "if necessary" in order to maintain functions for trading and operations. Hurricane Joaquin strengthened into a Category 4 hurricane on Thursday, according to the U.S. National Hurricane Center. Reference Link