Market Overview

UPDATE: ISI Group Raises PT to $26 on NASDAQ OMX Following Acquisition

Share:
Related NDAQ
Exchanges Will Retool The Way Issues Are Reopened Following Halts
Goldman Reviews Q2 Results From BATS Global Markets

ISI Group reiterated its Hold rating on NASDAQ OMX (NASDAQ: NDAQ) but raised its price target from $25 to $26.

ISI Group commented, "NDAQ announced it plans to acquire the investor relations, public relations & multimedia solutions business of Thomson Reuters for $390mn in cash. Mgmt expects the deal to close during 1H13, subject to customary regulatory approvals. The deal more than triples the size of NDAQ's corporate solutions business, adding about 7k customers to NDAQ's 3k customer base (with ~10% overlap) and enhances NDAQ revenue by ~14%."

NASDAQ OMX closed at $24.31 on Wednesday.

Latest Ratings for NDAQ

DateFirmActionFromTo
Aug 2016BarclaysMaintainsOverweight
Jul 2016JP MorganMaintainsNeutral
Jul 2016Keefe Bruyette & WoodsMaintainsMarket Perform

View More Analyst Ratings for NDAQ
View the Latest Analyst Ratings

Posted-In: ISI GroupAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (NDAQ)

View Comments and Join the Discussion!