Deutsche Bank Upgrades Nasdaq OMX Group Inc. (NDAQ) to Buy; Attractive Risk/Reward

Deutsche Bank upgraded Nasdaq OMX Group Inc. (NASDAQ: NDAQ) from Hold to Buy, maintains price target of $27.00.

Deutsche analyst says, "We are upgrading NDAQ to Buy from Hold as the risk/reward is becoming too attractive. While NDAQ has lost some fans post the M&A wave, we like the risk/reward given favorable core trends, healthy cash generation (possible buybacks in 2H11-2012), and an attractive valuation (~8x PE and ~5x EBITDA - current year)."

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 $21.69 yesterday.

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