Market Overview

Wells Fargo Says NASDAQ's Cash Flow, Strategic Shift Could Be Attractive to PE Firms

Related NDAQ
Top 4 NASDAQ Stocks In The Diversified Investments Industry With The Highest EPS Growth Forecast For Next 5 Years
RBC Capital Technicians Like Financials And Tech, Sees Asset Managers Weakening

Wells Fargo's Christopher Harris responded to reports of private-equity chatter on NASDAQ (NASDAQ: NDAQ) in a research note from Monday afternoon.

NASDAQ Shares are currently up nearly 4 percent following reports from Fox Business Network's Charlie Gasparino suggesting Carlyle previously held talks with the company about going private. Gasparino iterated Carlyle and NASDAQ are not currently in talks.

Wells Fargo's Harris said in his note private equity could like be "very interested" in NASDAQ amid the company's level of cash flow and given the fact that NASDAQ is moving away from trading. Although Harris warned of NASDAQ's elevated level of leverage compared to peers, the analyst feels NASDAQ could support much higher leverage in a private-equity deal.

Wells Fargo maintains a Market Perform rating on shares of NASDAQ.

Latest Ratings for NDAQ

Sep 2015Deutsche BankMaintainsBuy
Aug 2015BarclaysMaintainsOverweight
Jul 2015BarclaysMaintainsOverweight

View More Analyst Ratings for NDAQ
View the Latest Analyst Ratings

Posted-In: Analyst Color News Rumors Analyst Ratings


Related Articles (NDAQ)

View Comments and Join the Discussion!

Get Benzinga's Newsletters