Shares of NYSE Euronext (NYX) Fall Back Slightly; Susquehanna Downgrades; Citi Starts Research Coverage

February 13, 2012 11:10 AM EST
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Price: $45.29 --0%

Rating Summary:
    4 Buy, 11 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
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Shares of NYSE Euronext (NYSE: NYX) dropped at the open, but have since made up some ground. The stock is currently trading at $28.86, down $0.08 (-0.29%).

Last Friday, Feb 10. (pre-open) NYX reported Q4 EPS of $0.50, $0.02 better than estimates. Revenues were $628 million vs the consensus estimate of $625.55 million. The Company also announced it had formally cancelled its merger agreement with Deutsche Boerse. However, Friday, the stock moved up $1.25 (+4.4%).

This morning, Susquehanna downgraded shares of NYSE Euronext from 'Positive' to 'Neutral', but raised their price target from $29 to $33.

Also, Citi resumed research coverage on NYSE Euronext with a 'Neutral' rating.

According to StreetInsider's Rating Insider, there are currently four firms with a 'Buy' rating on NYX and nine with a 'Neutral' rating.

To see more ratings on NYX, Click Here


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Citi, Susquehanna International Group of Companies, NYSE Euronext and Deutsche Boerse Merger