IntercontinentalExchange downgraded to Market Perform at Wells Fargo Wells Fargo downgraded IntercontinentalExchange to Market Perform from Outperform citing high earnings expectations and lower assumed growth rate for the core energy business. Wells lowered its price target range for shares to $185-$205 from $205-$225.
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