Loading...
Loading...
Deutsche Bank maintains its Hold rating on NYSE Euronext
NYX and lowers its price target by $5 to $30 following merger termination with Deutsche Boerse.
Deutsche Bank says, "Despite the failed merger, mgmt has taken steps to position the standalone company for long term growth. Given the growth initiatives, as well as expense controls and capital deployment (buybacks & divi) in the near term, we expect some upside, but due to a challenging macro environment / weak volumes, potential regulation / transaction tax, & valuation, we resume coverage with a Hold rating."
NYX closed at $28.04 a share yesterday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in