ICE Downgraded

Morgan Stanley analyst Camron Ghaffari downgraded Intercontinental Exchange Inc. (ICE) and cut his price target for the stock after Chicago Mercantile Exchange Holdings Inc. (CME) partnered with New York Mercantile Exchange to compete against ICE. Shares of ICE plummeted $6.80 to close at $53.00 while CME stock leaped $25.09 to close at $480.50.