There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Intercontinental Exchange (NYSE:ICE) and Summit Hotel Properties (NYSE:INN) with bullish sentiments.
Intercontinental Exchange (ICE)
In a report released today, Patrick O’Shaughnessy from Raymond James maintained a Buy rating on Intercontinental Exchange, with a price target of $86. The company’s shares closed yesterday at $77.04, close to its 52-week high of $78.48.
According to TipRanks.com, O’Shaughnessy is a 5-star analyst with an average return of 11.9% and a 67.2% success rate. O’Shaughnessy covers the Financial sector, focusing on stocks such as Focus Financial Partners Inc, E*Trade Financial, and Newmark Group Inc.
Currently, the analyst consensus on Intercontinental Exchange is a Strong Buy with an average price target of $86.38, which is a 12.1% upside from current levels. In a report released yesterday, Argus Research also maintained a Buy rating on the stock with a $84 price target.
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Summit Hotel Properties (INN)
In a report released today, Bill Crow from Raymond James maintained a Buy rating on Summit Hotel Properties, with a price target of $13.50. The company’s shares closed yesterday at $11.52, close to its 52-week low of $10.91.
According to TipRanks.com, Crow is ranked #3568 out of 4895 analysts.
Currently, the analyst consensus on Summit Hotel Properties is a Moderate Buy with an average price target of $14.
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