UBS Maintains a 'Buy' on Nasdaq OMX Group (NDAQ); Still Top Exchange Pick Post Record 3Q11

UBS maintains a 'Buy' on Nasdaq OMX Group Inc. (NASDAQ: NDAQ) price target raised $1 to $29.

UBS analyst says, "We view NDAQ as a well-diversified exchange operator with decreasing dependency on trading-related revenues. We believe the company’s defensive business mix is well positioned in times of slowing capital markets activity, yet it is also poised to capture upside should the market environment improve. In addition, the company continues to use its strong cash flow generation to return value to shareholders through buybacks, and we expect incremental upside from the potential creation of a cash dividend as early as 2012...Raising FY12 EPS slightly to $2.85 (from $2.84)."

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 $24.31 yesterday.

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