UPDATE: Atlantic Equities Downgrades Nasdaq OMX Group Inc. (NDAQ) to Neutral

(Updated - August 19, 2022 5:06 AM EDT)

Atlantic Equities analyst Simon Clinch downgraded Nasdaq OMX Group Inc. (NASDAQ: NDAQ) from Overweight to Neutral with a price target of $200.00.

The analyst comments "Nasdaq - downgrading to Neutral, $200 target price. Our adjusted EPS estimates change by +2.2%, -0.3%, and +1.1% for FY22, FY23, and FY24. We continue to have a very positive view of Nasdaq longer-term, based on management quality, consistency of growth in recurring revenues, and its low penetration of addressable market opportunities. However, the stock's 25%+ rally since June has stretched its near-term valuation. Our price target rises by 5% to $200."

For an analyst ratings summary and ratings history on Nasdaq OMX Group Inc. click here. For more ratings news on Nasdaq OMX Group Inc. click here.

Shares of Nasdaq OMX Group Inc. closed at $192.12 yesterday.

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