** Shares of private market platform Forge Global FRGE.N up 3.5% at $15
** Piper Sandler upgrades FRGE's rating to "overweight" from "neutral"
** Brokerage believes FRGE is well positioned to benefit from the increasing focus on private markets, given its industry leading trading & data offering
** A relatively small increase in private market turnover could drive meaningful transaction revenue growth for FRGE — Piper
** Recently announced high-profile data partnerships should result in more fee-based and recurring revenue streams for FRGE in the longer term — brokerage
** FRGE has risen about 4% YTD, as of last close
(Reporting by Juby Babu in Mexico City)
((Juby.Babu@thomsonreuters.com;))
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