Stifel Nicolaus Lowers Estimates On NYSE Euronext, Reiterates Buy Rating (NYX)
Analysts from Stifel Nicolaus said that they are lowering their earnings estimates slightly for NYSE Euronext (NYSE: NYX) to reflect March volume trends. They lowered their 1Q10 EPS estimate by $0.01 to $0.55 (vs. consensus of $0.53). The firm reiterated their BUY recommendation on the shares and $36 price target.
In recommending the stock, Stifel analysts wrote that "although the NYX shares have performed well over the last several weeks (+14.3% in April vs. S&P 500 +4.1%) we expect gradually improving top line and better fixed cost discipline to drive earnings upside, especially in 2011."
During the current trading session, NYX has gained 2.42% to $34.64. NYSE Euronext is a global operator of financial markets and provider of trading strategies. The Company offers an array of products and services in cash equities, futures, options, swaps, exchange-traded products, bonds, market data and commercial technology solutions.
It operates the New York Stock Exchange (NYSE), Euronext, NYSE Liffe, NYSE Arca, NYSE Arca Europe, NYSE Alternext, NYSE Amex, NYSE Liffe US, LLC (NYSE Liffe US), NYSE Technologies, Inc (NYSE Technologies) and SmartPool.
