UPDATE - UBS Upgraded Nasdaq OMX Group (NDAQ) to Buy; Well Positioned on Offense and Defense

UPDATE - UBS upgraded Nasdaq OMX Group Inc. (NASDAQ: NDAQ) from Neutral to Buy. PT maintained at $28.

UBS analyst says, "At just 8x estimated FY12 EPS, we believe NDAQ represents a well-diversified franchise in the exchange industry that is trading at a deep discount. We expect the shares to move higher as the market increasingly appreciates 1) current record earnings from a volatile market environment, 2) a defensive business mix that should outperform in a potential downturn, 3) attractive opportunities in non-transaction businesses, and 4) strong free cash flow generation that will likely drive additional stock buybacks."

To see more ratings changes on NDAQ, Click Here

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