Deutsche Bank Downgrades NASDAQ OMX (NDAQ) from Buy to Hold; Fairly Valued
More News related to NDAQ
- Ossur (OSSR) President and CEO to Ring the NASDAQ Stock Market Closing Bell
- Cowen Group, Inc. (COWN) Chairman and Chief Executive Officer To Ring The NASDAQ Stock Market Opening Bell
- UPDATING and REPLACING -- NASDAQ OMX to Broadcast New York Yankees Parade Live on NASDAQ Tower in Times Square
- MIT Enterprise Forum, Inc. to Ring The NASDAQ Stock Market Closing Bell
- NASDAQ OMX to Broadcast New York Yankees Parade Live on NASDAQ Tower in Times Square
More News related to NYX
- HSBC Upgrades NYSE Euronext (NYX) to Overweight
- NYSE Euronext Announces Trading Volumes for October 2009
- Hyatt Hotels Corporation Celebrates IPO, First Day of Trading on NYSE
- SAVE THE DATE - NYSE Celebrates 86th Annual Christmas Tree Lighting
- NYSE Euronext to Present at the KBW 2009 Securities Brokerage Conference
Deutsche Bank downgrades NASDAQ OMX (Nasdaq: NDAQ) from Buy to Hold. Price target $23.
Deutsche analyst says, "We are downgrading NDAQ to Hold, as the outlook for the sector remains challenging and the narrowing of the relative valuation gap versus NYX (NYSE: NYX) has mostly played out. While we don't see much downside to NDAQ given its low valuation, we also don't see a near term catalyst to drive meaningful upside, thus we are moving to Hold...With NDAQ outperforming NYX by ~1000 bps during this time & the valuation gap narrowing, we no longer see a significant trading opportunity."
(NOTE - DBank rates NYX at 'Hold' with a $27 price target)
The NASDAQ OMX Group, Inc. provides trading, exchange technology, securities listing, and public company services worldwide.
To see more analyst ratings on NDAQ Click Here.
Related Categories
DowngradesStocks Mentioned
+0.39Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
