KBW Has $27 Target On CBOE (CBOE)

Keefe Bruyette & Woods is out with a research report this morning on CBOE Holdings (NASDAQ: CBOE) with a $27 price target.

In the report Keefe Bruyette & Woods writes, "In this note, we analyze key growth drivers at the exchange and order execution firms for the week ended August 25, 2010, including how volume is tracking vs. our expectations. We include growth in weekly volume and market share for key products and contracts on the equities and derivatives exchanges. We monitor progression of open interest in benchmark futures contracts and show how volume is tracking quarter to date versus our expectations."

Shares of CBOE lost 39 cents yesterday to close at $21.28, a loss of 1.8%.