Jefferies Lowers Estimates on NYSE Euronext (NYX)

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Analysts at Jefferies lowered their 2012 EPS estimates on NYSE Euronext (NYSE: NYX) by $0.10 to $2.04. The lowered estimates reflect "the continued slowdown in technology and market data spend, as well as ongoing sluggishness in trading volumes."

"Our 2013 EPS estimate remains unchanged as we anticipate a modest rebound in volumes next year and management continues to make headway on lowering its expense base," said Daniel T. Fannon, an equity analyst at Jefferies.

Jefferies has a Hold rating on NYSE Euronext (NYSE: NYX) with a price target of $26.00.

For an analyst ratings summary and ratings history on NYSE Euronext click here. For more ratings news on NYSE Euronext click here.

Shares of NYSE Euronext closed at $24.91 yesterday, with a 52 week range of $21.80-$31.25.

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