Barclays Maintains an 'Equalweight' on Nasdaq OMX Group (NDAQ); Refocusing on the Future

Barclays maintains an 'Equalweight' on Nasdaq OMX Group Inc. (NASDAQ: NDAQ) price target raised $1 to $33.

Barclays analyst says, "Yesterday, NDAQ reported 2Q11 EPS of $0.62, ahead of our estimate and the Street at $0.60. Despite the shares opening higher, NDAQ finished the day lower, underperforming both peers and the overall market (-3.3% vs. S&P 500 -2.0%). We believe some investors may have been looking for NDAQ to address merger speculation, or talk up the current sluggish market environment, but management made it clear that the company's focus remains on staying independent and maximizing the opportunity set around all facets of the equity market...we are raising our full year 2011 EPS estimate to $2.50 from $2.48."

For more ratings news on Nasdaq OMX Group Inc. click here and for the rating history of Nasdaq OMX Group Inc. click here.

Shares of Nasdaq OMX Group Inc. closed at $23.50 yesterday.

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