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UPDATE: Credit Suisse Upgrades NASDAQ OMX Group as Regulation Looks Manageable

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Earnings Scheduled For January 30, 2019
Morgan Stanley, Fidelity, Others Back Low-Cost Exchange To Compete With NYSE, Nasdaq

In a report published Tuesday, Credit Suisse analyst Ashley N. Serrao upgraded the rating on NASDAQ OMX Group (NASDAQ: NDAQ) from Neutral to Outperform, and raised the price target from $40.00 to $42.00.

In the report, Credit Suisse noted, “We view recent share price weakness from concerns around regulation as a buying opportunity for a cash flow rich franchise (9% FCF Yield). We believe the regulatory overhang on NDAQ will gradually be lifted and investor focus will return to the 10%+ EPS growth over the next two years from share buybacks, technology solutions revenue growth and operating leverage from modestly higher volumes. We view the ongoing $0.16-$0.20 investment in NLX (8% of 2013 EPS) and success of Nasdaq Private Market initiatives as free options.”

NASDAQ OMX Group closed on Monday at $35.48.

Latest Ratings for NDAQ

DateFirmActionFromTo
Dec 2018CitigroupMaintainsNeutralNeutral
Nov 2018Atlantic EquitiesInitiates Coverage OnOverweight
Oct 2018CitigroupMaintainsNeutralNeutral

View More Analyst Ratings for NDAQ
View the Latest Analyst Ratings

Posted-In: Ashley N. Serrao Credit SuisseAnalyst Color Upgrades Analyst Ratings

 

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Latest Ratings

StockFirmActionPT
SIXKeyBancDowngrades0.0
CBBMorgan StanleyUpgrades10.0
GDCredit SuisseDowngrades184.0
GEOJP MorganDowngrades26.0
TRUERBC CapitalDowngrades0.0
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