** BofA Global Research cuts PT on NYSE parent Intercontinental Exchange ICE.N to $230 from $237
** Cites headwinds from delisting of issuers and downward revisions of mortgage volumes
** "We estimate that 4% of ICE's issuer base was delisted in 2024, which will hit revenues beginning in 1Q25," says brokerage
** "We also note that the Mortgage Bankers Association revised down their 1Q25 mortgage volume estimate by 5% over the past two months, which prompted a proportionate downward revision to ICE's transactional mortgage revenue" - BofA
** Fifteen of 18 brokerages rate stock "buy" or higher, and 3 "hold"; median PT is $190 - data compiled by LSEG
** Including session moves, ICE stock up 15% YTD compared to a 4.2% decline in the S&P 500 .SPX
(Reporting by Ateev Bhandari in Bengaluru)
((Ateev.Bhandari@thomsonreuters.com; ))
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