Intercontinental Exchange Inc

ICE: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Intercontinental Exchange: Increasing Our Valuation and Changing Our Uncertainty Rating to Low

Michael Miller

Feb 11, 2025

Intercontinental Exchange's energy futures revenue growth continues to outpace our expectations as secular trends in energy markets favor the firm. This has helped the company nearly achieve its deleveraging targets following the acquisition of Black Knight in 2023.

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