ISI Group reiterated its Hold rating on NASDAQ OMX NDAQ but raised its price target from $25 to $26.
ISI Group commented, "NDAQ announced it plans to acquire the investor relations, public relations & multimedia solutions business of Thomson Reuters for $390mn in cash. Mgmt expects the deal to close during 1H13, subject to customary regulatory approvals. The deal more than triples the size of NDAQ's corporate solutions business, adding about 7k customers to NDAQ's 3k customer base (with ~10% overlap) and enhances NDAQ revenue by ~14%."
NASDAQ OMX closed at $24.31 on Wednesday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
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!
Already a member?Sign in