$ICE: Piper Sandler downgrades; history shows modest typical moves around analyst actions
How ICE has reacted before
| Report | Next-day move |
|---|---|
| Jul 15, 2026 | +0.1% |
| Jul 10, 2026 | +0.1% |
| Jul 09, 2026 | -1.5% |
| Jul 07, 2026 | +1.1% |
| Jun 30, 2026 | +0.2% |
| Jun 11, 2026 | -1.0% |
| Jan 15, 2026 | +0.2% |
| Jan 14, 2026 | +3.7% |
| Jan 08, 2026 | +0.0% |
| Jan 07, 2026 | -2.5% |
| Dec 22, 2025 | +0.7% |
| Dec 10, 2025 | +1.5% |
| Dec 05, 2025 | -0.8% |
| Aug 03, 2025 | -0.1% |
Median absolute move 0.8% · higher 8 of 14 · n=14
The call
- Firm: Piper Sandler
- Action: Downgrades
- Rating: Overweight
- Price target: 190.00
How $ICE moves around analyst actions
| Date | Session move |
|---|---|
| Jul 15, 2026 | +0.1% |
| Jul 10, 2026 | +0.1% |
| Jul 09, 2026 | -1.5% |
| Jul 07, 2026 | +1.1% |
| Jun 30, 2026 | +0.2% |
| Jun 11, 2026 | -1.0% |
| Jan 15, 2026 | +0.2% |
| Jan 14, 2026 | +3.7% |
| Jan 08, 2026 | +0.0% |
| Jan 07, 2026 | -2.5% |
| Dec 22, 2025 | +0.7% |
| Dec 10, 2025 | +1.5% |
| Dec 05, 2025 | -0.8% |
| Aug 03, 2025 | -0.1% |
Base rate (n=14):
- Median absolute move: 0.8%
- Finished higher: 8 of 14
- Biggest up day: +3.7%
- Biggest down day: -2.5%