Nasdaq OMX Group Inc. (NDAQ) PT Lowered to $174 at Jefferies

Jefferies analyst Daniel Fannon lowered the price target on Nasdaq OMX Group Inc. (NASDAQ: NDAQ) to $174.00 (from $182.00) while maintaining a Buy rating.

The analyst commented, "We recently spent time with the CEO of Nasdaq, Adena Friedman. The durability of NDAQ's revenue model is well suited for this changing macro backdrop. Volume trends remain solid, albeit down from recent highs. While market sensitive areas like index are under beta pressure, there are modest offsets via futures activity. Lastly, a return to normalcy within the market tech segment appears to be under way with growth set to resume in 2H22."

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