Analysts at Raymond James upgraded shares of CBOE Holdings Inc. CBOE to outperform from market perform, with $60 target price.
Patrick Shaughnessy of Raymond James sees increasing demand for volatility products, Shaughnessy stated, “We believe August-to-date VIX futures volumes – on pace to set a monthly record – are an instructive preview into the potential upside of CBOE's VIX complex in a higher volatility world.”
In addition, Raymond James analysts anticipate a dramatic increase in VIX futures data, along with increased trading participation outside U.S trading hours.
Shares of CBOE last traded at $52.75 up three percent.
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