Jefferies raises trading platform Tradeweb Markets' PT on strong growth drivers
** Brokerage Jefferies raises PT on rates and credit trading platform Tradeweb Markets TW.O to $118 from $109
** Says several factors such as interest rate volatility, growth in portfolio trading and greater utilization of TW's product remain solid growth drivers ahead
** Brokerage also says mortgages have potential for more activity as interest rates decline, and notes strong volume growth across global government bonds, interest rate swaps, corporate credit and repurchase agreements
** "Maintaining and/or improving market share in higher volatility periods remains a proof point for TW," said analyst Daniel T. Fannon
** Says co's global suite of products positions them well to compete more effectively in additional asset classes
** Co's HY growth is expected to be driven by the expansion of TW's client network, functionality enhancements, and stronger penetration with ETF market makers
** 10 of 14 brokerages rate the stock "buy" or higher, four "hold", with a median PT of $124.50
** Up to Monday's close, stock had risen 33.2% YTD
Reporting by Neil J Kanatt in Bengaluru
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