UPDATE: Jefferies Raises PT on NYSE Euronext on 1Q13 Exchange Preview

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In a report published Monday, Jefferies analyst Daniel T. Fannon reiterated a Hold rating on NYSE Euronext
NYX
, and raised the price target from $33.00 to $38.00. In the report, Fannon noted, “We have lowered our 1Q13 EPS expectations for the traditional equity exchanges, while our numbers for the derivatives exchanges remain relatively unchanged. This mirrors the state of general industry trends, where the outlook for derivatives volume growth is much stronger than equity volume growth. CME and ICE remain our favorite ideas in the group.” NYSE Euronext closed on Friday at $38.05.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsJefferies
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