Wells Fargo Upgrades NYSE Euronext (NYX) to Outperform; Growth Prospects Have Improved
Tweet Send to a Friend
Get Alerts NYX Hot Sheet
Price: $41.55 +2.64%
Rating Summary:
4 Buy, 12 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Rating Summary:
4 Buy, 12 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Trade NYX Now!
Wells Fargo upgraded NYSE Euronext (NYSE: NYX) from Market Perform to Outperform. Valuation range to $40-$42 from $30-$32.
Wells analyst says, "Following several years of infrastructure buildout and M&A, we believe NYX has improved its competitiveness and service offering. This, coupled with a more optimistic outlook for exchange volumes, positions the company to deliver better growth over the near to medium term, in our view...We are also increasing our 2012 EPS estimate to $2.95 from $2.87."
For more ratings news on NYSE Euronext click here and for the rating history of NYSE Euronext click here.
Shares of NYSE Euronext closed at $32.38 yesterday, with a 52 week range of $22.30-$34.82.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Wells analyst says, "Following several years of infrastructure buildout and M&A, we believe NYX has improved its competitiveness and service offering. This, coupled with a more optimistic outlook for exchange volumes, positions the company to deliver better growth over the near to medium term, in our view...We are also increasing our 2012 EPS estimate to $2.95 from $2.87."
For more ratings news on NYSE Euronext click here and for the rating history of NYSE Euronext click here.
Shares of NYSE Euronext closed at $32.38 yesterday, with a 52 week range of $22.30-$34.82.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Oppenheimer Upgrades GameStop (GME) to Outperform
- Wells Fargo Upgrades ProLogis (PLD) to Outperform
- BGC Partners Upgrades CF Industries (CF) to Hold
Create E-mail Alert Related Categories
Upgrades
Login with Facebook
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!
