Wells Fargo Upgrades NYSE Euronext (NYX) to Outperform; Growth Prospects Have Improved

January 24, 2011 7:31 AM EST
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Price: $45.29 --0%

Rating Summary:
    5 Buy, 11 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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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.

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