Goldman Sachs Downgrades CBOE Holdings (CBOE) to Sell
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Price: $300.74 +2.25%
Rating Summary:
13 Buy, 17 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
13 Buy, 17 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Goldman Sachs downgraded CBOE Holdings (NASDAQ: CBOE) from Neutral to Sell with a $23 price target, suggesting 6% downside.
The firm said the company continues to lose share and its new SPXpm contract is again delayed.
Goldman also said valuation incorporates too much M&A premium, and we see 6% downside as recent industry activities abate.
For more ratings news on CBOE Holdings click here and for the rating history of CBOE Holdings click here.
Shares of CBOE Holdings closed at $24.36 yesterday.
The firm said the company continues to lose share and its new SPXpm contract is again delayed.
Goldman also said valuation incorporates too much M&A premium, and we see 6% downside as recent industry activities abate.
For more ratings news on CBOE Holdings click here and for the rating history of CBOE Holdings click here.
Shares of CBOE Holdings closed at $24.36 yesterday.
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