BUZZ-ICAP: flirts with 8-mth high after Barclays raises TP
** Interdealer broker ICAP (LSE: IAP.L - news) up 3.3 pct as Barclays (Swiss: BARC.SW - news) raises TP to 540p from 465p; rating overweight
** Barclays (LSE: BARC.L - news) says co's cont ops are projected to report underlying PBT of 160 mln stg for FYMar17, up 15 pct yoy, after a 12 pct decline in FY16
** ICAP is soon to be named NEX Group after the sale of its telephone broking business to rival Tullett Prebon (LSE: TLPR.L - news)
** The analysts say ICAP earns 73 pct of its revenue in US dollars, while the currency amounts for a lower proportion of costs, making it a strong beneficiary of stg depreciation
** The analysts point to co's qtr-to-June IMS where it reported 2 pct revenue growth even at constant FX
** Barclays says demand for co's post-trade services and electronic volume outlook is strong
** 6 analysts have a "buy" or higher rating on the stock, while 6 others recommend a "hold" rating according to Thomson Reuters data
** Stock, down 7 pct since the start of 2016, one of the top gainers on the STOXX 600 and the FTSE 250 Index on Thursday (Reuters Messaging: noor.hussain.thomsonreuters.com@reuters.net)