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UPDATE: Jefferies Reiterates Hold Rating, Raises PT on CBOE Holdings on 4Q12 Results

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In a report published Monday, Jefferies reiterated its Hold rating on CBOE Holdings (NASDAQ: CBOE), and raised its price target from $28.00 $35.00.

Jefferies noted, “Despite the 4Q12 earnings beat ($0.45 vs our $0.43 estimate), our 2013 estimate moves lower reflecting higher than anticipated expense growth. However, fundamentals remain strong as high margin proprietary volumes continue to grow despite generally low volatility across the equity markets. At approx. 19x our 2013 EPS estimate we view the shares as fairly valued.”

CBOE Holdings closed on Friday at $34.30.

Latest Ratings for CBOE

DateFirmActionFromTo
Jul 2016BarclaysMaintainsUnderweight
May 2016Sterne Agee CRTInitiates Coverage onUnderperform
Apr 2016Keefe Bruyette & WoodsMaintainsMarket Perform

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