Deutsche Bank Initiates Coverage on Markit Ltd

In a report released Monday, Deutsche Bank analyst Paul Ginocchio initiates coverage on Markit Ltd MRKT with a Buy rating and a price target of $29 a share. Analyst at Deutsche Bank believe growth opportunity is presented for Markit's solution division with regulatory issues faced by investment banks. Fragmented markets create uncertainty for Markit's subscription business. Due to shifts in electronic trading, Deutsche Bank analysts believe they have decreased headwinds and uncertainty making more easier to accurattly estimate its operations and FCF.