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Goldman Sachs Says 'Not So Fast!' on NASDAQ LBO...

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The chance for a NASDAQ (NASDAQ: NDAQ) LBO by the Carlyle Group (NYSE: CG) is unlikely "at this point" according to Goldman Sachs. Goldman believes there is “limited potential for synergies/cost-cutting, lack of identifiable spin-out opportunities.”

The firm suggested a recent increase in shareholder interest on unlocking value in NASDAQ's franchise could be a potential catalyst for further capital returns.

NASDAQ met with Carlyle Group just months after the NYSE agreed to be purchased by ICE for $33.12 a share, a 28% premium to the price of the stock before the deal.

Goldman Sachs maintains a Neutral rating and $26 price target on shares of NASDAQ.

NASDAQ OMX Group, Inc. is trading at $30.51 a share (up 0.43%) in midday trading.

Latest Ratings for NDAQ

DateFirmActionFromTo
Apr 2016Buckingham ResearchInitiates Coverage onBuy
Apr 2016BarclaysMaintainsOverweight
Apr 2016Deutsche BankMaintainsBuy

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Posted-In: Analyst Color News M&A Analyst Ratings

 

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