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

In a report published Monday, Jefferies reiterated its Hold rating on CBOE Holdings 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.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorPrice TargetAnalyst RatingsJefferies
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!